Funding and Debt Management Strategy for 2006

The basic absolute and relative limits for issuance operations on the domestic and foreign market and for the active management of the State Debt portfolio. The Strategy comes from and is consistent with the Draft Bill on the State Budget of the Czech Republic for the year 2006, the Medium-term Outlook for the State Budget of the Czech Republic for the years 2007 and 2008, the Medium-term Expenditure Frameworks for the years 2007 and 2008, the internal Issuance Plan of State Bonds for the years 2006 to 2008 and with the Czech Republic Convergence Programme for 2005.