The RS: A New Debt of 45 million BAM by the End of the Month?

Republika Srpska (the RS) will borrow new 45 million BAM by the end of January.

To ensure funds for financing budget expenditures this year, the Ministry of Finance of the RS  announced the sale of bonds in the amount of 25 million BAM for the 25^th of January, and the sale treasury bills worth 20 million BAM five days later.

The interest rate for the bonds is fixed at 3.25 % per year, and maturity period is three years, while for the treasury bills it is 12 months.

Auctions will be held on Banja Luka Stock Exchange on the 25^th and 30^th of January, the Ministry of Finance of the RS invited all interested legal and physical persons to buy the long-term and short-term securities of the RS.

From the opposition warned that the RS came into a situation that this year almost half of direct revenues from 2016 will go to paying off the debt.

According to projections of the Government, from the budget of the RS in 2017 should be returned a total of 826 million BAM of debt, and a total of 967 million BAM in 2018.

(Source: Radiosarajevo.ba)