August 26, 2019 / 6:44 PM / 22 days ago

Denmark raises 2019 government borrowing needs

COPENHAGEN (Reuters) - The Danish government’s borrowing needs this year have been increased by 36 billion Danish crowns ($5.38 billion) to 180 billion, the finance ministry said on Monday.

The increase was due to larger repayments of long-term debt and a bigger need for financing of social housing, the ministry said on Twitter.

The target for sales of domestic government bonds in 2019 was raised to 75 billion crowns from a previous target of 65 billion, it said.

For 2020, the ministry set the target for borrowing needs at 65 billion crowns.

Reporting by Jacob Gronholt-Pedersen, Editing by William Maclean

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