WG on Fiscal Risks  21 August 2019

FDC: government's decision to establish fiscal security reserve in amount of 0.1% of GDP in 2020 is sufficient.

The Council discussed fiscal risks issues with Ministry of Finance experts and concluded that the government's decision to establish a fiscal security reserve in amount of 0.1% of GDP in 2020 and within the medium-term budgetary framework, as required by the Fiscal Discipline Law to be sufficient for the current situation.