Sovereign Borrowing Outlook for OECD countries
- Jan 2019
- Organisation for Economic Co-operation and Development (OECD)
- International
Between 2007 and 2018, the borrowing needs of OECD governments surged drastically and outstanding central government marketable debt for the OECD area as a whole doubled in nominal terms. At the same time, favourable funding conditions eased debt sustainability concerns and enabled public debt managers to enhance the resilience of public finances to shocks. This report examines net and gross sovereign borrowing in OECD countries from 2007 to 2019. It first looks at net and gross borrowing needs of OECD governments in the context of fiscal developments. It then considers recent trends in central government marketable debt in the OECD area and central government debt ratios for groups of selected OECD countries. Finally, the report examines funding strategies and growing issuance of debt with 30 or more years of maturities.
