In particular, the fiscal deficit was slashed from 6.6% in 2014 to 1.4% of GDP in 2016, bringing down the share of public debt in GDP. This helped achieve the three-year objectives of the fiscal consolidation programme, a year earlier than planned.
At the same time, fully covered by foreign direct investment for the second year in a row, the current account deficit declined from 6.0% in 2014 to 4.0% of GDP in 2016.