Can The Finance Ministry Keep Interest Spending Under Control?

10.25.2011 By Claudia Medrega

The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will increase over the coming years, considering that the Finance Ministry will have to make repayments to the IMF as of 2012, and to the European Commission as of 2015, as well as pay interests.

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Keywords:
INTEREST
, PUBLIC SPENDING
, SOVEREIGN DEBT
, FINANCE MINISTRY