11 Feb 2021 11:58

Federal Government Debt at the end January 2021

Press release from the Belgian Debt Agency :

At the end of January 2021, the Federal Government Debt amounted to EUR 428.259 billion. The federal government debt thus increased by 3.496 billion euros compared to December 2020. Part of this increase was caused by the inclusion of 600 million euros in debts of the SNCB and Infrabel in the debt of other institutions for which the federal state intervenes in the financial burden. These debts used to belong to this category as well, and at constant perimeter, the federal government debt would therefore have increased by only 2.896 billion euros by January 2021.

In net terms (after deduction of the placements and the securities held in portfolio), the federal government debt amounted to EUR 419.923 billion, which represents an increase of EUR 2.305 billion compared to December 2020. At constant perimeter, the increase would have been EUR 1.705 billion.

The net financing requirements for January 2021 were 1.707 billion euros.

For more details on the issuance and repayment of short and long-term debt in January 2021, please refer to the website www.debtagency.be.

The average life of the federal government debt increased by 0.03 years to 9.75 years in January 2021, while the average interest rate of the debt instruments fell by 0.01% to 1.65%. The refinancing risks at 12 and 60 months were 11.73% and 37.33% respectively.