The proposal is to increase the maximum amount of net issues of government bonds from 80 to 98 billion. The solution comes from the Ministry of the Economy, which is preparing to present an amendment to the 2013 Settlement bill.
The maximum public debt issuance target therefore increases by 18 billion, according to the documents presented by the Government in the Senate Budget Committee.
The request is motivated by the need to "ensure coverage of the greater government requirement that has been emerging in recent months" (the reference is to June, when the amount of 80 billion was indicated), as well as to allow "the issuance of a greater quantity of government bonds” to finance the Public Administration Debt Fund.
The increase in the ceiling will make it possible to "face the first few months of 2014 with a sufficient liquidity reserve", albeit "lower" than that of the end of 2012, and will make it possible to "not put pressure on" the issues at the beginning of the year.
The deadline for amendments is set for next Monday at 12. The provision is already scheduled in the classroom for the following day.
