GOVERNMENT OWES MKD 4.7 BN TO HOME CREDITORS
admin1 – May 9, 2006 – 10:15am

The government has so far issued bills of 4.7 billion denars, thus becoming indebted to home banks and companies, in order to plug the budget hole and to avoid taking expensive loans from foreign creditors, "Business" daily writes.

Three-, six-, twelve- and twenty-four-month government bills have so far been issued. Over a third of the government's indebtedness through bills has been realized with 3-month bills of 1.9 billion denars.