Abovementioned global inclinations make following political challenges actual:
- Gradually reduction of high level of the non-oil deficits in the balance of payment and consolidated budget in the condition of weak economic diversification, low and changeable oil price, and tightening of monetary and fiscal policies for this purpose;
- Acceleration of bank restructuring for restoration of normal and sustainable financial intermediation on the background of existing tension in the financial and currency markets;
- Acceptable limit and effective management of the public debt, strictly limitation of the public debt, excluding borrowing for funding of strategic projects and refunding;
- Analyse of debt portfolio of the large state-owned enterprises which borrowed a loan under state guarantee and determination of financial burden on the government in this regard;
- Acceleration of structural and institutional reforms to diversify economy, increase te non-oil export and fully use the opportunities of import substitution;
- Improvement of social security of the socially-sensitive group of the population in the condition of economic recession.
More about:
