Today the government will offer six-month, twelve-month and eighteen-month treasury bills. It hopes to take out around 135 million euros. This year's interest rate costs will be 35 million euros less than last year. The expenses will be lower because of cheaper borrowing costs. The government will therefore extend the maturity periods. There will be less three-month treasury bills, but the state will offer eighteen-month bills twice this year – today and in October. However covering the interest rates is still a big budget cost, estimated in total at more than one billion euros.

A favourable time for reforms
Economic activity is weakly recovering and the time is right for carrying out reforms. Now is the time for introducing measures with long-term effects and not only temporary austerity measures which would be in place for a year or two. "It will be necessary to pay attention to whether certain reforms will have a long-term positive effect on our economy and its potential growth," said Aleš Delakorda, the head of the analytics department at the Bank of Slovenia.