REVISED MACROECONOMIC AND FISCAL FRAMEWORK

IN THE PERIOD 2008-2010

 1. Economic policy objectives for the period 2008-2010

Economic policy objectives for the year 2008 and the two subsequent years will be:

• Macroeconomic stability;
• Dynamic economic growth;
• Higher employment and better standard of living;
• Expedited EU Stabilization and Association Process;
• Expedited economic reforms;
• More balanced regional development.

Macroeconomic policy until 2010 will focus on maintaining macroeconomic stability and creating an environment conductive to investments, which will in the long-term contribute to achieving high economic growth rates. In this context, it is expected that the current high unemployment will be reduced and that the standard of living will improve. Key for attaining macroeconomic policy objectives will stringent monetary and fiscal policies, expedited structural reforms in the real, financial and public sectors and expedited EU accession. Fiscal policy will play a pivotal role in this.

Download complete document:

Bulletin Public Finances, September 2007