Q:
A:
Funds from sale of Eurobonds to gradually cover budget liquidity
Belgrade,
26 September 2011
Prime Minister and Minister of Finance Mirko Cvetkovic said today that the funds raised by selling Eurobonds in the international market are not going to increase spending because it is legally defined by the budget that has been agreed on with the International Monetary Fund (IMF).
Author:
b92.net
Appearing on TV B92, Cvetkovic pointed out that $1 billion from the sale of Eurobonds will be used to gradually cover the liquidity of the budget, primarily to refinance short-term debts, such as short-term government bonds.
He pointed out that buyers of our country's Eurobonds are large investment funds, and stressed that the funds will be paid by 28 September.
The issuance of bonds is a common way to provide liquidity in the budget, and a standard procedure in all developed countries, he said.
Cvetkovic said that the state so far used three channels for securing the liquidity of the budget – funds from international financial institutions, bank debt in the country and the issuance of government bonds in the country.
He pointed out that buyers of our country's Eurobonds are large investment funds, and stressed that the funds will be paid by 28 September.
The issuance of bonds is a common way to provide liquidity in the budget, and a standard procedure in all developed countries, he said.
Cvetkovic said that the state so far used three channels for securing the liquidity of the budget – funds from international financial institutions, bank debt in the country and the issuance of government bonds in the country.
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector