Internet portal http://www.krediti.rs/, which is specialized for banking and finance, has published "Guide through Municipal Bonds" in association with Broker company "I2R Broker" from
Novi Sad.
- The Guide is designed to help broad public to get familiar with the
problems related to municipal bonds, which are used as a substitute for
classical credit financing of local self-governments in developed countries
and, since recently, in the region - said Milan Trajkoviæ, the author of the Guide.
According to his words, the funds collected trough the issue of
municipal bonds are used by the cities and municipalities for development of
public infrastructure, sports facilities, roads, as well as for covering the
budget deficit.
This electronic educational material can be downloaded from the
following web address: http://www.krediti.rs/downloads2/vodic-kroz-municipalne-obveznice.pdf
Municipal bonds are debtors' securities issued by the local authorities, that is, cities, municipalities and other local communities, and they enable collecting of necessary funds for projects or for covering the budget deficit.
By issuing the bonds, the authorities borrow the money from the buyers of municipal bonds and promise to return the principal with interest within certain period of time.
"These securities make it possible for local self-governments to have broader selection when seeking funds for realiztion of projects within local self-governments and they can become the driving force of the equal regional development in Serbia", it is stated on web portal www.krediti.rs.
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