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Despite crisis, ARDAL expects no hitches funding state debt

The Finance Ministry's Debt and Liquidity Management Agency (ARDAL) will not issue any Eurobonds this year, as its plans have been thwarted by the crisis in global financial markets, particularly in Europe.

The Finance Ministry's Debt and Liquidity Management Agency (ARDAL) will not issue any Eurobonds this year, as its plans have been thwarted by the crisis in global financial markets, particularly in Europe.

Despite this, the agency should have no trouble funding the state debt until the end of the year. Its head, Daniel Bytčánek, reported that the agency anticipates a state budget deficit at approved levels, meaning Sk32 billion (€1.062 billion). Money to cover this sum is already allocated, so, there should be no problem until the end of the year, he told the SITA newswire. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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