[ad_1]
2,002 billion were borrowed on the domestic market. 5,025 million euros in international financial markets. euros. The weighted average interest rate in the domestic market was 0.021%, the weighted average period of indebtedness was four years and in the international market it was 0.485%. and 18.4 years.
The borrowed funds were used to mitigate the effects of the coronavirus crisis and for other purposes. At the end of September, 3.045 million euros in loans had been allocated to administrators. of which 3,003 million euros for the implementation of the plan of measures to stimulate the economy and reduce the consequences of the spread of the coronavirus.
42.4 million 11 million euros for other purposes. 1.84 million euros to cover non-pandemic costs. a grant from the state budget to the Labor Party.
By providing financing to municipalities, they have the opportunity to apply to the Ministry of Finance for short-term loans to cover the shortfall in working capital caused by the lack of planned budgetary revenue, as well as compensation for the government’s emergency management costs. central.
In nine months, the municipalities received 38.9 million. Short-term loans in EUR: 2.5 times more than expected. During this period, the municipalities borrowed a total of 100.5 million. of which 59.1 million euros in the domestic market and 41.4 million international markets.
According to the National Audit Office, Lithuania has not planned how debt growth will stabilize and how the preconditions for its reduction will be created, and the debt payment plan or sources are not discussed in the updated Stability 2020 program. at the end of April.
In 2020, the international credit rating agencies that rated Lithuania maintained the previously approved high short-term and long-term credit ratings. Only DBRS Morningstar downgraded the rating outlook from positive to stable.
[ad_2]
