The first part of this book is dedicated to the institutional structure of macroeconomic policy. It deals with the institutional development, virtual economy, the importance of political factors and democracy for the successful reform implementation. The second part of this book describes issues related to the financial sector reform, taxation in agriculture, budget deficit and arrears, local self-governance and fiscal decentralization. The third part of the book consists chapterі focusing on the possible ways to solve the problems related to fiscal instability and financial crisis, but also deal with the problems of excessive government expenditures, demonetization, monetary emission, growing state debt and budget deficit.
- Economic development of transition