BUSINESS

Finance Ministry to issue state bonds in surplus of financial needs, for the next 10 years

The Public Finance Ministry (MFP) plans to obtain from state bonds, for the next 10 years, a sum that will exceed by RON 3.4 bln the amount needed to cover the budget deficit, and to use the extra money as term investments, Mediafax announces. At present, the general current account of the State Treasury includes the incomes resulting from privatisation activities, which the Ministry says will pose a risk to the cash management activity, as these sums will be used to the purposes provided by acting legislation, during the interval covered by the Strategy through the National Development Fund.

Related posts

Revenues up 4.9 pc for Orange Romania in Q1

Nine O' Clock

UNSAR underwritten policies hit RON 6.92 bln in 2010

Test

Vodafone Romania CEO, Ravinder Takkar, at the end of his mandate: High-speed internet is one of the things I’ll miss. Once you get to Romania you no longer have to worry about that

Leave a Comment