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Public Debt Agency: “Unnecessary to Change Bonds Issuance Plans”

Published: March 6, 2012; 16:08 · (Vindobona)

Austria sees no need to change its debt issuance program and is sticking to its plan to stay below the European Union’s deficit ceiling this year even as it injects cash into Oesterreichische Volksbanken AG (VBPS) and KA Finanz.

Public Debt Agency: “Unnecessary to Change Bonds Issuance Plans” / Picture: © Flickr

The Austrian state, which has been warned that more bank bailouts may put its credit rating at risk, will raise tax revenue this year to offset the new cash injections as well as a writedown on previous bank aid. The country intends to lower the deficit to 3 percent of gross domestic product and won’t need to sell more bonds to raise the cash, according to Austrian…

This article includes a total of 429 words.

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