Reduced interest on debt saved on expansion



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After an afternoon and a night of yesterday when all the proposals of Madeira were all "withheld" before the Budget Committee, today, during the vote by specialty of the OE2019, in plenary session of the Assembly of the Republic, some situations are in the process of reversing.

After the BE proposal that defines a budget for the hospital has been recovered, it is now the turn of the interest rate of the debt contracted for the PAEF.

All proposals to reduce interest rates had been rejected by the Budget Committee, including by the Government of the Republic, which provided interest of 2.8% (currently 3.375%) with a difference of 0.15%. %.

If the vote were not changed, Madeira would continue to pay much higher interest than the country pays to its international creditors.

This morning, the PSD announced that it would change its vote, thus allowing the CDS proposal to allow Madeira to pay interest similar to the average interest value of the national public debt stock. A value similar to that proposed by the government of the Republic.

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