The high level of public debt remains the main danger for the non realization of economic growth goals set by the government for 2015. Ministry of Finances is trying to decrease the public debt by fighting fiscal evasion, by reforming the way public funds are used and by undertaking important tax reforms. The cooperation of these measures is expected to decrease the public debt, which in 2017 is predicted to be as 65.5% of the GDP.
Experts say that government may achieve these goals by taking in consideration the fiscal impact the reform in energy system will have until 2017. The economic growth will be positively affected by the improvement of the business climate in country, the increase of lending of economy through the replacement of governmental loans in the domestic market with finances from international market.
Another measure that is expected to have an impact in the decrease of public debt is the approval of lending law, which will allow the Ministry of Finances to take loans in the international markets at times when interest rates will be favorable.
News source/photo credits: Scan Tv