Treasury Bills and Short-Term Loans Act Article 1

The Act has been established as deriving from Article 28 of the National Treasury Act.The central government, in order to balance the treasury revenues and expenditures and stabilize the national finance, may issue treasury bills with a maturity shorter than one year.The Ministry of Finance (hereinafter referred to as the MOF), in search of balancing the treasury revenues and expenditures, may negotiate for loans with a maturity shorter than one year (hereinafter referred to as short-term loans).