The funding plan for 2026 is estimated to amount to €112 billion. Given the degree of uncertainty in estimates over previous years, the DSTA has made an adjustment in the estimated cash deficit, aiming to prevent large downward revisions in the borrowing requirement throughout 2026.
| Estimated borrowing requirement for 2026 | Amount (€ billion) |
| Capital market redemptions 2026 | 28.8 |
| Money market ultimo 2025 (excl. cash collateral) | 42.2 |
| Cash deficit 2026* | 41.0 |
| Total | 112.0 |
* A cash deficit is shown as a positive number as it increases the total borrowing requirement.
At the beginning of January 2026, the DSTA will communicate a first update of the borrowing requirement to reflect the net money market ultimo 2025.