The National Treasury Management Agency said today that it has cancelled the Treasury Bill auction scheduled for Thursday August 18.
The NTMA said this was due to the country's strong fiscal position as reflected in yesterday's Exchequer returns.
This compares to a deficit of €5.7 billion at the end of July last year.
The continuing turnaround in the public finances is explained by higher tax returns and lower levels of Covid-related expenditure.
The NTMA said Treasury Bill auction scheduled for Thursday September 15 will go ahead.
Details of this auction will be announced on Monday September 12, it added.
The NTMA has issued €5.75 billion in funding so far this year from a planned range of €10-14 billion.
This is down from the €18.5 billion raised in 2021 as the Government expects to spend far less battling the Covid-19 pandemic.
The NTMA also cancelled its planned bond auction for June due to the economy's strong fiscal performance so far this year and the lower Exchequer borrowing.
