State’s €15bn of cash means lower borrowing -

State’s €15bn of cash means lower borrowing -

The State expects to borrow less in 2020 than this year, as budget surpluses mean Government is no longer borrowing for day to day spending and because €15bn of cash has been built up i

The National Treasury Management Agency (NTMA) plans to issue 10bn to 14bn of bonds over the course of 2020. The 2019 funding range was 14bn to 18bn. The NTMA will redeem almost 20bn of debt falling due next year, including redemptions of 10.6bn of maturing … [+528 chars]

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