To these can be added the announced reforms of the tax system and of social safety nets which, while not included in the plan, are among the areas in which the Government intends to intervene. Unity and awareness of the absolute necessity of stepping up to the commitments made is required of all the actors involved: policymakers, institutions, social partners and citizens.
Credit demand in the private sector continues to follow a downtrend, mainly because firms’ cash flow remains above business fixed investment and firms are continuously reducing their debts. Amid these developments, private banks’ lending continues to decline at around 2 percent on a yearon-year basis. The amount outstanding of CP issued is above the previous year’s level.