Division Economic criteria

Improve the quality of public finances by reducing public expenditure relative to GDP, restructuring spending towards growth-enhancing categories and strengthening the economic policy planning capacity.

Complete the privatisation process and liquidate the remaining loss-making publicly owned enterprises that cannot be sold.

Improve participation in the formal economy by reducing social contribution rates and reforming the pension system and facilitate the mobility of labour across the country.

Step up the unbundling of network industries in order to open up the electricity, gas and telecommunications markets to additional suppliers with a view to increasing competition and efficient allocation of resources.

Continue reforms in the areas of registration of property, enforcement of contracts, bankruptcy procedures, registration, taxation and licensing of businesses in order to improve the business environment and promote entrepreneurship. Eliminate overlapping regulations imposed by different levels of government and inter-entity double taxation for companies.