Czech Republic’s indebtedness accelerates

Published: 01.11.2017 Related countries:  Nigeria Nigeria

Czech government began borrowing money again in October 2017

Czech government began borrowing money again in October 2017. The government raised more than CZK 25bn from bond sales. The timing of the bond issue was probably politically motivated and part of the pre-election campaign, daily E15 writes. Czech Republic is paying more for the debt now, though. In May 2017, ten-year loans were available for the interest rate of 0.81% p.a., while in late October 2017 the government paid twice more.

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