In the future, the federal treasure will not only be open to private individuals, but also to the public sector. If federal states, municipalities, universities or public companies have saved them, they can create them in government bonds without an intervening bank.
Minister of Finance Markus Marterbauer (Spö) announced on Monday. There are currently around 110,000 private investors, a total of four billion euros were assessed in federal estimates. “Especialy in Times of Volatile Financial Markets, A Safe and Low -Risk Investment for Federal States, Municipalities, Cities and For All Other Public Units is also Crucial. In Addition, the Public Sector Benefits from The Federal Cost. The Federal Costure Costure Costence Alsoe As State Ratio of the Republic of Austria to a Total State Level (…), “Said Marterbauer at a Press Conference in Vienna.
Federal treasures are fixed interest effects of the Republic of Austria, which can be purchased at no cost or costs. They are available in different terms – one month, three months, half a year, one year, daily due to 100 euros. The acquisition takes place digitally via the Federal Treasure website. Investors can pay as often as possible, the funds can also be reassessed.
Potential of 30 billion euros
Public units currently have up to 30 billion euros at banks, said the head of the Federal Financing Agency Oebfa, Markus Stix. If these were fully predicted in federal treasures, the federal government could reduce its debt by a maximum of seven percent. According to the EU debt rules, debts between State sectors would not be used to calculate the national debt dratio.
In the meantime, the courses of the Austrian federal bonds were usually deeper in the early stores on Monday. The efficiency of the trend setting of ten-year-old Austrian benchmark bond increased by five basic points to 2.95 percent. There are terms of three months here.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
