Fiscal Council discusses the Ministry of Finance macroeconomic forecasts  8 June 2016

Today during the Fiscal Discipline Council (Council) meeting, the macroeconomic trends and forecasts for the coming years were discussed with the Ministry of Finance (MoF) representatives. Issues related to factors determining slow gross domestic product (GDP) growth - the results of the construction for 1st quarter of 2016 and prolonged stagnation of the investment sector (related to the delayed inflow of EU funds in the economy) were widely debated. GDP deflator was also an actively discussed topic. According to the Memorandum of Understanding signed on 8 February 2016 between the Council and the MoF, the Council shall endorse the macroeconomic forecast prepared by the MoF for 2017-2019 by 17 June.

Council's communication strategy was also discussed during the meeting to improve public understanding of fiscal discipline issues, as well as adopted the updated procurement plan.