Underlying all the above is the continuation of the macroeconomic policy based on the one hand on long-term fiscal policy, and on the other hand on monetary policy that acts directly to underpin price stability and support financial stability.
The long-term path that the government decided upon-within the framework of the legislation that determines the maximum real increase in government expenditure (1 percent a year) and the budget deficit (up to 3 percent of GDP)-serves, together with the privatization policy, as bellwether to the required fiscal policy.