RS government backs 2017-2020 debt management strategy

RS government backed on Thursday a debt management strategy for the period 2017-2020, the government’s press office said. Its main objective is to provide financial resources for financing of the approved investment projects, debt refinancing and budget execution with minimal costs and risks, while taking into account the degree of development of the economy and the domestic securities market as well as limits of borrowing set by the law. Out of the four proposed strategies the government opted for a strategy implying diversification of sources of financing and instruments. The main goals of the strategy are to provide possibility of continuous borrowing on the domestic financial market and to explore the possibility to borrow on the foreign financial markets, under acceptable conditions, as well as to minimize costs with an acceptable level of risk while taking into account the development of the domestic securities market.