Fiscal risks working group continues the work on assessment methodology improvements  31 January 2017

A meeting of the Fiscal Risks Working Group of the Fiscal Discipline Council took place on 31 January 2017. The meeting was attended by representatives from the Ministry of Finance. The main items of discussion were the conditions for the reallocation of appropriations, improvements to the monitoring of fiscal risks and budget revenue execution trends.

“It is necessary to improve the analysis of fiscal risks and the assessment of their impact on the fiscal balance. More attention should be paid to risks associated with state-owned and municipality-owned enterprises, and the implementation of public-private partnerships. The postive results of the work done by the State revenue service and the Ministry of Finance on reducing the size of the shadow economy and improving tax collection should also be noted”, says J. Platais.