Finance Ministry seeks some RON 14 - 16 bln in Q1 2012 domestic borrowing

The Ministry of Public Finance (MFP) announced an indicative figure of somewhere between RON 14 and 16 billion (the equivalent to 3.25 - 3.7 billion euros) in Q1 2012 domestic borrowing via government securities auctioned on the local market.'In 2012 the total amount of loans to be raised by the Ministry of Public Finance from the domestic market via bond issues is determined on one hand by the projected budget deficit of 1.9 pct of GDP - which will be funded to an extent of 50 pct ...

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