However, there are costs associated with such reserve accumulation and there is also a danger that, under the guise of "insurance," countries will engage in activities – including intervention to keep their currencies weak – that are increasingly distorting global capital and trade flows. In terms of regional arrangements, the trend toward rising international cooperation and coordination can have benefits.
In the fiscal front, the state budget recorded a surplus of 0.2% of GDP in the first two months of 2017, while available data for 2016 indicate that the surplus will reach 2.0% of GDP, outperforming the Programme’s target by a large margin.