THE RELATIONSHIP OF FISCAL AND MONETARY POLICIES DURING THE TRANSITION PERIOD

Abstract

Last achievements in the field of an economic science have led to transformation ofmechanisms of achievement of economic growth by use of tools of a monetary andcredit policy as the main mechanism providing macroeconomic stability. In theseconditions the tax-budgetary policy which is carried out by the government, shouldprovide system of stimulus to growth of economic activity. For transitive anddeveloping economy, maintenance of interrelation two policies serves as a basis formaintenance of social and economic growth of the state