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Debt Management

Debt Management Strategy

Created : 18.07.2017. Updated: 18.01.2021.

The Law on the Budget and Financial Management stipulates that only the Minister of Finance on behalf of the state can take loans in the amount which are set in the annual State Budget Law and only for financing the state budget deficit, for the refinancing the state debt and for the purposes which are specified in the annual State Budget Law.

In accordance with the mandate of the Minister of Finance state borrowing are managed by the Treasury, ensuring the management of the public debt in accordance with the Central Government Debt and Cash Management Strategy approved by the Minister of Finance.