San Marino. A bill of the Finance Secretariat for the issue of new public debt securities
Bill for the issue of new public debt securities. It was filed on 29 July by the Secretariat of State for Finance
ANTONIO FABBRI – The title of the bill, filed by the Secretariat of State for Finance on 29 July, is “Provisions on the issue of securities of the Republic of San Marino”. And, in essence, it is a new legislation to give a “free hand” on the debt, or rather easier the issuance of public debt securities by delegating to the State Congress the definition of specific regulations for the issuance of the securities that are the responsibility of the ‘Excellent camera. The provision, in the intentions of the Secretariat, will streamline the issue, on the basis of an annual maximum ceiling to be established in the Budget Law approved by the Council. Public debt that can be issued for practically everything: from infrastructure to investments, but also for liquidity and to cover current spending. In addition to covering debt already contracted, or to deal with existing mortgages; in short, also the possibility of getting into debt to cover the debt. (…)
Article taken from The Information of San Marino