Netherlands Reduces Expected 2016 Funding Need to $76 Billion

The Netherlands expects to further reduce its borrowing requirement for 2016 after the government’s cash deficit in 2015 came out lower than December’s estimate.

The Dutch States Treasury Agency now sees the total funding requirement for 2016 at 70.3 billion euros ($76 billion), compared with 78.8 billion euros in December, it said in a statement on Wednesday. Sales of government bonds are still seen between 25 billion and 30 billion euros, in line with the December announcement.

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