The Government has detailed the figures for the public debt issuance that will take place in 2021, after this Thursday Nadia Calviño, Vice President and Minister of Economic Affairs and for Digital Transformation, had announced the "good news" of a reduction in the expected amount.

Carlos San Basilio, Secretary General of the Treasury, has specified that the net issue will be estimated in 2021 at exactly 100,000 million euros, below the 110,000 million euros previously estimated and included in the General State Budgets.

The adjustment is due to "

an evolution of the fund somewhat better than expected

in the last months of last year", an evolution of the data and in no case a revision of the Executive's proposals, as expressed by San Basilio.

However, the gross issuance will be higher than expected and will reach a record figure of

289,138 million euros, compared to the 277,059 million

marked in the previous year.

The Government, therefore, increases debt issuance by 4.4% to raise an unprecedented amount in Spanish history.

The average cost of issuance is very low, 0.18%, so the rise in gross is attributed to the accumulation of maturities to be met by the State.

The amortizations of bonds and obligations increased to 94,380 million euros, while those of the Treasury bills, already affected by indebtedness during the panthemia, reached 94,758 million euros.

In favor, the low rates and the collection

Regarding the cost of new issues,

the minimum of 0.18%

helps

,

which is achieved thanks to the European scenario of low interest rates and an expansionary economic policy marked by Brussels.

In 2019, the rate had been lowered to 0.23% and costs from the past are already far behind, such as the 3.90% that was assumed in 2011.

Calviño already announced on Thursday that the 2020 tax revenue forecasts "have been exceeded" by the collection, so that the need for debt could be lowered, albeit in its net magnitudes.

The Government, as San Basilio has recognized, had thrown a data under the "traditional criterion of prudence", a prevent before curing.

The 100,000 million euros of net debt will be effectively less than the 109,922 million in 2020, but the gross amount increases, again conditioned by the health and economic crisis caused by the coronavirus.

According to the criteria of The Trust Project

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