Serbia’s Prime Minister and Minister of Finance Mirko Cvetkovic said that the funds raised by selling Eurobonds in the international market are not going to increase spending because it is legally defined by the budget that has been agreed on with the International Monetary Fund (IMF).
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Appearing on TV B92, Cvetkovic pointed out that $1 billion from the sale of Eurobonds will be used to gradually cover the liquidity of the budget, primarily to refinance short-term debts, such as short-term government bonds.
Source balkans.com
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