POLITICA FISCAL y Monetaria

 

YDB@W@MC F@]MCB

Bc pdbët`mc f`smcb haobdnc cmtucm`dahs quh cfhmtca cb ocstd pünb`md y c bds `kpuhstds y quh `kpcmtca ha pr`khr buocr ha hb khrmcgd gh n`hahs y shrv`m`ds @afbuham`c ha hb ghscrrdbbd hmdaýk`md sdm`cb Ghphagh gh bd quh sh mdas`ghrh ha mcgc  pcës ghnc shr bc fuam`ýa ghb Hgd. Ha bc khg`gc quh sh cmhpth quh hb Hgd csukc bc rhspdascn`b`gcg gh mrhcr `afrchstrumturc gh ghscrrdbbd khg`cath `avhrs`dahs ha hb mckpd hmdaýk`md y sdm`cb, cmt`v`gcghs corëmdbcs, `agustr`cbhs d g`str`nut`vcs bc `afbuham`c gh bc pdbët`mc f`smcb puhgh shr kuy orcagh Yrdpýs`td fuagckhatcb Mrhcr hb cedrrd punb`md suf`m`hath pcrc ecmhr frhath cb vdbukha gh `avhrs`dahs  pbcahcgcs y cgqu`r`r rhmursds cg`m`dacbhs khg`cath haghugck`hatd `athrad y hxthrad. Cnsdrnhr gh bc hmdadkëc pr`vcgc, `aorhsds ahmhscr`ds pcrc bc prdv`s`ýa gh shrv`m`ds  pünb`mds ahmhscr`ds. HF@MCM@C GH BC YDBËW@MC F@]MCB Bc pdbët`mc f`smcb hxpcas`vc puhgh shr `ahf`mcz s` dmurrh ua hfhmtd mrdwg`ao-dut (ghspbczck`hatd gh bc `avhrs`ýa pr`vcgc) mucagd hb odn`hrad prhf`hrh f`acam`cr hb ocstd mda pràstckds ha vhz gh `kpuhstds d g`ahrd auhvd. Bc bumec mdatrc bc `afbcm`ýa  pdr khg`d gh bc rhgumm`ýa ghb ocstd y hb `amrhkhatd gh bds `kpuhstds puhgh shr `ahf`mcz tckn`àa s` hb hxmhsd ghb  prhsupuhstd sh ut`b`zc pcrc pcocr bc ghugc.

YDB@W@MC KDAHWC^@C

Bc pdbët`mc kdahtcr`c, quh suhbh `astrukhatcr hb ncamd mhatrcb, `ambuyh khg`gcs quh cfhmtca c bc Dfhrtc Kdahtcr`c y quh cmtüca ha pr`khr buocr sdnrh hb khrmcgd gh g`ahrd Ydbët`mc kdahtcr`c. Ehrrck`hatc gh bc quh sh vcbh hb Ncamd Mhatrcb pcrc bdorcr hstcn`b`gcg hmdaýk`mc y f`acam`hrc ghb pcës. VC^@CNBH] FXAGCKHAWCBH] HA HB KCAHLD GH BC YDBËW@MC KDAHWC^@C Dfhrtc kdahtcr`c. Yr`am`pcb vcr`cnbh ut`b`zcgc. Hs bc mcat`gcg gh g`ahrd quh m`rmubc ha bc hmdadkëc pcrc kdvhr bcs trcascmm`dahs mdkhrm`cbhs y f`acam`hrcs gh bc sdm`hgcg. Mdaluatd gh khg`gcs g`ahrcr`cs m`rmubca ha ybcpcrc hmdadkëc s`rvha pcrcquh cthsdrcr vcbdr g`fhr`ry  pcods c futurd. Cukhatd gh dfhrtc kdahtcr`c Mucagd Cukhatc tcsc gh `athràs ncamcr`c cmt`vc, hb a`vhb gh cmt`v`gcg hmdaýk`mc y rhshrvcs. G`sk`auyh Mucagd ]h bbhvca c mcnd mdrtds quh t`haha mdkd f`a bc rhoubcm`ýa kdahtcr`c WC]C GH @AWH^H] Ydrmhatclh quh sh cpb`mc c uac mcat`gcg kdahtcr`c /mcp`tcb/ y quh hqu`vcbh cb kdatd quh ghnh pcocr d mdnrc pdr prhstcr d phg`r g`ahrd. Ncamd mhatrcb v`o`bc bds a`vhbhs gh t` ]houagc vcr`cnbh. Gh hstc ghphagha bc `avhrs`ýa, hb t`pd gh mckn`d.

^HW^C]D] GH BC YDBËW@MC F@]MCB W@YD] GH WC]C GH @AWH^H] Bc hf`mcm`c gh bc pdbët`mc f`smcb puhgh vhrsh Wcsc Cmt`vc Wcsc pcs`vc rhgum`gc tckn`àa pdr bc hx`stham`c gh Wcsc ^hcb. rhtrcsds d ghkdrcs ha su `kpcmtd. Hb rhtrcsd ghb rhmdadm`k`hatd sh rhbcm`dac mda Wcsc Adk`acb.

 

bc `ghat`f`mcm`ýa ghb vhrgcghrd prdnbhkc. Hb rhtrcsd cgk`a`strct`vd prdv`hah ghb t`hkpd quh sh tcrgc ha pdahr ha prãmt`mc bds hstctutds d rhobckhatds pcrc `kpbhkhatcr bcs auhvcs pdbët`mcs hmdaýk`mcs. Bc mcusc ghb rhtrcsd dphrcm`dacb hs hb t`hkpd quh sh prhm`sc  pcrc dnshrvcr y adtcr bds hfhmtds hf hmtds gh bds mckn`ds `kpds`t`vds, pdr hlhkpbd, mucagd sh ecmha rhfdrkcs ha bds `kpuhstds.

Wcsc Nrutc. Wcsc Ahtc. W@YD GH MCKN@D Mcat`gcg gh kdahgc hxtrcalhrc quh sh  puhgh dnthahr pdr ua`gcg gh kdahgc bdmcb. Khrmcgd mckn`cr`d. Bbhvc c mcnd trcascmm`dahs gh dphrcm`dahs mda kdahgcs hxtrcalhrcs. M^HG@WD Wrcasfhrham`c gh g`ahrd c mckn`d gh uac  prdkhsc gh pcod ha hb futurd. Ha bc `agustr`c y mdkhrm`d sh ut`b`zc `athas`vckhath. Fuam`ýa ghb mràg`td F`acam`ck`hatd gh bc prdgumm`ýa mda cat`m`pcm`ýa c bc ghkcagc. Mràg`td. ]u usd hmdadk`zc hb usd ghb g`ahrd, phrk`th pbcahcm`ýa kãs fbhx`nbh gh ocstds c bp y cmtüc mdkd rhmdbhmtdr gh cedrrd gh bc sdm`hgcg.

Ydr tcatd, y c hfhmtds gh  rhsukha< ]` bc hmdadkëc hstã mrhm`hagd c ua r`tkd hxmhs`vckhath hbhvcgd, mda r`hsod gh quh sh g`spcrh bc `afbcm`ýa, hb Odn`hrad cgdptcrã pdbët`mcs f`smcbhs d kdahtcr`cs rhstr`mt`vcs <   

Cukhatd gh bds `kpuhstds ^hgumm`ýa ghb ocstd pünb`md ^hgumm`ýa gh bc ncsh kdahtcr`c

 ] ]`` bc hmdadkëc hstã hstcamcgc, hb Odn`hrad trctcrã gh rhbcazcrbc mda pdbët`mcs f`smcbhs d kdahtcr`cs hxpcas`vcs<   

G`sk`aum`ýa gh bds `kpuhstds Cukhatd ghb ocstd pünb`md Cukhatd gh bc ncsh kdahtcr`c