Business and Economy Review, no. 4

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Publishing date: Thursday, 05 May 2005
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As shown in this edition of the Business and Economy Review, in January-March this year the macroeconomic policy stance has been adequate for maintaining the short-term macroeconomic stability; however, the long-term impact of some fiscal policy decisions is yet to be seen. We mean, first of all, the decision of providing important fiscal exemptions which will deprive the budget of several million of dollars. The budgetary revenue continued growing, while the Central Bank managed to avert speculative attacks on the national currency.

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