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Monday, November 26, 2012

Draft on 2013 National Budget Allows the Government to Borrow 600 Million SDR

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Draft on 2013 national budget consisting of 6 chapters and 18 articles has allowed the government to borrow up to 600 million SDR (Special Drawing Right) from foreign countries or around 915.29 million USD. The borrowing is characterized as concessional loan, to be repaid with preferential interest rate. (Rasmei Kam, 25-26 November 2012)

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