Ministry of Finance repaid its debt in the amount of EUR 77.3 million towards Deutsche Bank

5th July 2017, SkopjeToday, Ministry of Finance has fully repaid the loan from 2012 towards Deutsche Bank, amounting to EUR 77.3 million.  Loan interest rate accounted for 6,456%, being intended to finance the budget deficit and refinance the liabilities falling due on the basis of regular repayment of the government debt.

Therefore, budget funds in the amount of EUR 75 million were used for repaying the principal and EUR 2.3 million for repaying the interest.

This amount is almost three times higher than yesterday’s borrowing of the Ministry of Finance on the domestic market, with average rate of 2.25%.

By this repayment, the public debt, as percentage of GDP, will be reduced by 0.7 percentage points.