In 2023, the European Commission will further expand its presence in the debt markets by issuing a higher volume (up to €170 billion) of EU bonds for Next Generation EU as well as for macrofinancial assistance for Ukraine. This is according to the third semi-annual report, adopted on Wednesday 22 February, on the debt management operations that the Commission carries out to finance the EU’s borrowing and lending programmes, covering the period July - December 2022.
The report (https://aeur.eu/f/5gg ) notes that the extension of its diversified funding strategy to other policies is a key step forward, which will enable the Commission to generate the planned volumes of funding.
The report details a number of key statistics relating to Next Generation EU loans, such as the total funds raised by the Commission for the programme (€171 billion, of which €50 billion in the second half of 2022) and the total funds it has disbursed to Member States under the Recovery and Resilience Facility (RRF) (€138.7 billion) and to other programmes under the EU budget (€23.9 billion).
For the first half of 2023, the Commission envisages the issuance of €80 billion of EU bonds, complemented by short-term EU Treasury bills. It will use these funds to finance Next Generation EU (around €70 billion) and MFA+ for Ukraine (€10 billion). (Original version in French by Lionel Changeur)