Besimi: Civil bonds are a risk-free investment that will bring returns to citizens

 Citizen bonds are a risk-free investment that will bring returns to citizens and protect the value of their savings from the effects of inflation and improve the overall security of their portfolio. These long-term securities, which the state will start issuing next month, will bring a number of benefits, both for citizens and the economy. They will encourage investment activity, reduce cash in circulation - which is one of the ways to suppress the gray economy, but will also affect the further development of the securities market in the country, writes in his latest column, the Minister of finance Fatmir Besimi.  

The maturity of these securities will be two years, and the minimum amount for investment will be MKD 10.000, while the interest rate will be additionally determined, according to the financial market conditions.

"The holders of government securities receive an appropriate interest rate as compensation for their investment. At the same time, government securities are known as the safest financial instruments. By investing in the state's new financial instruments, citizens will protect the value of their savings. In addition, consumption pressures will be reduced, and thus inflationary pressures", the Minister of Finance points out.

In the column, Besimi also refers to the Strategy for the Development of the Financial Market, adopted by the Government at the proposal of the Ministry of Finance, and created through an inclusive process. Within the framework of the Strategy, the issuance of other new types of bonds is foreseen, such as development bonds - which will encourage the financing of development projects in the country, green bonds - which will be intended for projects for the improvement and protection of the environment, as well as project bonds which will be an alternative way to finance projects related to infrastructure.

"Investments are an integral part of economic growth. The new investment instruments will move investments, public and private, and thereby accelerate growth with the benefits it brings, such as creating new jobs and improving living standards.

A large number of the new instruments are tied to the realization of large infrastructure projects, which will contribute to the creation of better living conditions in the country. The new instruments will also contribute to prudent debt management. The strategy for prudent management of the public debt is through a portfolio that is diversified by maturity, cost and instruments, to achieve the lowest risk in terms of sustainability and servicing of the debt. With civil bonds, the interest cost for the budget will be lower than borrowing on the international financial markets. This is in the context of the state's commitment to fiscal consolidation, through expenses and other financing conditions. The benefits are numerous, and there is plenty of room for innovation in the financial market. With a clear and well-established strategy, I believe that we will still talk about the results and benefits of these measures", writes Minister Besimi.

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