In the context of Covid-19 pandemic, the 2021 state budget must focus on a package of brave and bold structural reforms and promote investments, employment and productivity, experts from the Institute for Market Economics are advising. 

The recommendations are part of the institute’s alternative state budget prepared for the 18^th consecutive year. Fiscal policy next year must ensure effective anti-crisis measures, but also create sufficient budget buffers to ensure economic security. The experts note that in order for the economy to recover quicker, this country needs a tax system that promotes or at least does not hinder new investments and employment, BNR reporter Natalia Ganchovska reports.