Podgorica, (MINA-BUSINESS) – The Parliament has adopted amendments to this year’s Budget Law, and a decision on potential borrowing up to €500 million.
The proposed amendments to the Budget Law were adopted in order to create legal grounds for refinancing of the current debt and fiscal reserves.
Minister of Finance Darko Radunovic previously said that the possibility of issuing government bonds or entering a credit arrangement worth up to €500 million in the second half of the year is under consideration.
According to him, the effects of this arrangement are reflected in securing better conditions for refinancing.
The Government expects that it would use the Eurobond issue with the interest rate of around three percent to refinance the loan with the interest rate of 5.5 percent and save money in that way.
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