OREANDA-NEWS. December 29, 2012. It has been approved a plan of development of domestic government securities market till 2014. The corresponding decree № 1059-r of the Cabinet of Ministers was adopted on December 26, 2012.

The Ministry of Finance is instructed to implement the action plan approved by this resolution. There are also informing the public by publishing information on the official website of the Ministry.

According to the plan, the ministry will prepare and publish monthly schedules of conducting an auction on placement of T-bills with their types and circulation period to ensure transparency and predictability.

The Ministry of Finance shall ensure regular placement of T-bills in the amount needed for the plan fulfillment of government borrowing for the relevant fiscal period, with a gradual increase in the circulation period. Also, this ministry is responsible for maintaining public debt at an economically safe level.

It is envisaged also creating tax incentives for investing individuals to government securities and a number of other measures that the Ministry must exercise every year.

In addition, the document foresees the introduction of new government securities, including the possibility of early repayment of the initiative of the issuer.

There will also be improved mechanism for monitoring the risks associated with the management of public debt.