Whether borrowing will be needed at the end of the year or the start of the next depends on when the government increases defense spending, the Ministry of Finance said.It added that based on its most recent forecast, there is no immediate need for new long-term bonds.
Compared with Estonia’s neighbors, no major changes have occurred, the ministry said.Estonia’s credit rating remains slightly higher than Latvia and Lithuania’s, allowing it to borrow at lower rates.This position is likely to remain.
Read more: ERR.EE
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