80 million Euros from Government Bonds in 2013

For the second consecutive year, the Government of Kosovo plans to collect funds for the state budget through the issuance of government bonds. This year, the government plans to collect 80 million Euros from the issuance of these bonds.

Funds received from the issuance of bonds are not intended for any particular project, but will be paid to the state budget, and in accordance with the budget, will be allocated to different organizations. Unlike last year when letters issued had a maturity of 3 and 6 months, this year they will have a maturity of 6 months or 1 year.

Over the past year, banks’ interest in Government bonds has increased, and therefore the interest rate has gone down. “This shows the stability of the financial system and also shows that the primary objective of the Ministry of Finance when it started with this project, in addition to all other objectives, was to create internal bonds market“, said an official from the Ministry of Finance.

Last year, Kosovo’s Government received 74 million Euros through the issuance of government bonds.

/Telegrafi /