The Dutch State Treasury Agency (DSTA) updates its funding plan for 2025 and expects a reduction in the cash deficit compared with the amount communicated at the end of June 2025. This means the total funding requirement for 2025 is lowered to €87.1 billion. This is the last regular update on the 2025 funding requirement. If circumstances warrant an extra update, this will be communicated accordingly.
Funding plan in 2025
|
Estimated borrowing requirement for 2025 |
Amount |
Change since June 2025 (in € billion) |
|
Capital market redemptions 2025 |
19.9 |
- |
|
Net money market ultimo 2024 (excluding cash collateral) |
37.5 |
- |
|
Cash deficit 2025* |
29.7 |
-1.8 |
|
Total borrowing requirement 2025 |
87.1 |
-1.8 |
* A cash deficit is shown as a positive number because it increases the total borrowing requirement.
Issuances in 2025 will continue to contribute to the DSTA’s goal to maintain the average maturity of the debt, swap and cash portfolio at a minimum of eight years in 2025.