Belgium reduces federal debt to € 521.6b

Belgium’s federal government debt amounted to EUR 521.609 billion at the end of June 2024, marking a decrease of EUR 11.50 billion since May.

Despite this reduction, the net federal government debt, after deducting placements and securities held in the portfolio, rose by EUR 4.02 billion to EUR 501.394 billion.

The net balance to be financed stood at EUR 4.012 billion, adversely affecting the Treasury.

The average maturity of the federal government debt saw a slight decrease of 0.12 years, bringing it to 10.64 years. Meanwhile, the average interest rate on debt instruments remained stable at 1.94 per cent.

The 12-month and 60-month refinancing risks were 13.74 per cent and 38.12 per cent, respectively.

Attribution: Belgian Debt Agency.