Government to borrow 9 million euros

Government to borrow 9 million euros

Skopje, 26 January 2016/Independent Balkan News Agency

By Naser Pajaziti

Government in FYR Macedonia is deepening public debt. Ministry of Finance declared today that it will take out a new loan amounting to 9 million euros from domestic lenders.

Since the start of the year, the government has held two auctions in order to borrow from domestic banks.

But the deputy minister of Finance, Kire Naumov from SDSM (Macedonian Social Democratic Party) is against this loan.

IBNA learns that this loan is being taken out in order to cover budget expenses and pay old loans which have already matured. /ibna/