Hoti: LDK comes out with teams of experts to assess the economic consequences of Coronavirus

“Based on this assessment, experts will develop concrete measures for supporting: private economy and employment, public enterprises, agriculture, production sector, protection of the most endangered groups of society such as those on social schemes and those who remain unemployed as a result of pandemic, and so on.”, Hoti wrote.

Furthermore, the measures according to Hoti will be for this year and next year and will include packages of laws that stimulate the private sector and provide government discretion to mobilise funding for rapid recovery of the economy.

This is his post:

We have already formed a group of experts in various fields who are making assessments of the economic and social consequences that we may have during this year from the pandemic COVID-19.

Based on this assessment, experts will develop concrete measures for supporting: private economy and employment, public enterprises, agriculture, production sector, protection of the most endangered groups of society, such as those on social schemes and those who remain unemployed as a result of pandemic and so on.

The measures will be comprehensive for this year and next year and will include packages of laws that stimulate the private sector and provide the government's discretion to mobilise funding relevant for rapid economic recovery.

The primary goal of the measures will be to mobilise all sources of financing for rapid recovery of the private sector and employment, and adequate social protection for the most endangered groups.

But, at the same time, the measures will ensure the liquidity of the banking system, as well as the stability of the state budget through a budget deficit and affordable public debt in the short and medium term.