According to the estimates of the Ministry of Finance, deficit share should remain at a similar level this year, and turn downward thereafter, with public debt being kept below 60% of GDP, which ensures the sustainability of public finances.
A series of reforms to the regulatory architecture and plethora of reforms are underway globally which seek to reduce the probability of a crisis occurring. The Basel III reforms aim at increasing the resilience of banks through prescription of a higher quality, quantity and consistency and better risk coverage of capital.