The Government of Serbia has adopted a decree on additional borrowing during the emergency due to COVID-19, taking out loans, issuing government securities on the domestic and international financial markets and providing government guarantees.
That regulation regulates the initiation of an additional borrowing process by taking out loans, issuing government securities on the domestic and international financial markets to finance the budget deficit, maintaining current liquidity, and providing the necessary funds for financial support and implementing measures to mitigate the economic effects of the COVID-19 disease pandemic and giving state guarantees during a state of emergency.
During a state of emergency, the Government may initiate an additional borrowing process by taking out loans, issuing government securities on the domestic and international financial markets, and providing guarantees of the Republic of Serbia in excess of the amounts stipulated in the Budget Law for 2020, Danas reports.
