Vladescu promises to sell T-bills

Starting this autumn, the Ministry of Finance will resume sale of T-bills on the market to fund the 2% of GDP deficit. “Two or three months after the new budget adjustment, we will start to release T-bill issues, with the bulk of the deficit to be financed on the domestic market,” Sebastian Vladescu, minister of finance, told ZF. However, he cannot promise that the funding will come from the local market entirely, as he is also considering the issuing of eurobonds, after three years in which the Ministry of Finance has not issued bonds in euros. “We will probably also enter international markets at the beginning of next year, because we are too isolated, although we have new prospects for an upgrade in our sovereign rating,” stated the minister of finance.