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September 21, 2020

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.

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