Tag: state budget
The functioning of the Belarusian economy under President Alexander Lukashenko's rule has already surprised many economic experts in Western Europe. Many of them have no idea how the country achieved a budget surplus, which in some sectors amounted to USD1.5bn.
The fiscal policy in Croatia is largely based on the ad hoc discretionary measures. However, over the last ten years, especially after the crisis in 2008, an increasing number of countries are trying to ensure long-term sustainability of public finances.