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RS to take on new 100 mln KM of loans

27. February 2012. | 11:14

Source: Fena

The RS National Assembly today adopted a decision according to which the government of RS is to take on a new loan through bonds and treasury bills in the amount of 100 million KM.

The RS National Assembly today adopted a decision according to which the government of RS is to take on a new loan through bonds and treasury bills in the amount of 100 million KM.

The emission of long-term bonds will be in the amount of 30 million KM, while the short-term indebtedness will be in the amount of 70 million KM through emission of treasury bills.

Last year the government of RS used both forms to compensate for the missing funds in the budget.

The opposition has criticized the new debt of RS, which is taken for current consumption rather than for development projects.

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