MFP borrows round bln. 51.5 lei in 2011, and to roll bonds worth 40 bln., in 2012

Ministry of Public Finance (MFP) must re-finance state bonds worth 46 billion lei, namely almost 10.7 billion euros, in 2012, after it borrowed about 51.5 billion lei, namely almost 12 billion euros from the local banks, in 2011. According to MFP, Romania must find financial resources worth 57 billion lei and 2.4 billion euros to finance the budget deficit and the public debt service, in 2012.Authorities must fund a budget deficit amounting to 11 billion lei and roll ...

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