The government borrows £ 34.5 billion from banks this week



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Saturday 21 July 2018 12:45 Economy Ministry of Finance The public debt instruments represented in bonds and Treasury bills are worth £ 34.5 billion during the current week

These instruments are used to make the public budget deficit. Treasury bills are short-term financial instruments. Secondary financial markets, and dealing with them by selling and buying.

Treason links This is an instrument issued by companies or countries that can be traded legally, and that is a long-term term loan, short or medium, and which It extends from two years to 20 years. Tomorrow, Sunday, treasury bills will be issued for 91 and 273 days for a value of 16.25 billion pounds, in addition to issuing treasury bills for 182 and 364 days for a value of 16.75 billion of books Thursday. Treasury bonds are worth $ 1.5 billion for 8 years on Monday. While the Treasury intends to issue bonds and treasury bills for 475.5 billion pounds in the first quarter of 2018-2019.

The state budget deficit is financed by the issuance of treasury bills by the Central Bank.

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Source: ArabNet

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