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Fiscal Council Chair: Government Must Take on Debt to Cover Deficit

The Government will have to take on debt this year anyway, because the deficit must somehow be covered, Fiscal Council Chair Simeon Djankov told journalists when asked about the government's decision to take on new debt of up to EUR 3.8 billion. A bill to that end was approved on second reading by the parliamentary Budget and Finance Committee earlier on Tuesday. The specific amount of the debt was determined by the Government based on the borrowing calendar, which Djankov described as normal, with no particular adjustment to this debt ceiling. [...]