The present work aims to reveal why and how Bulgarian government should undertake a complex of active measures for further debt reconstruction and reduction. An attempt has been made to analyze the following two issues: (a) the theoretical origin of deficit financing and debt crisis on...

Uzbekistan embarked on an ambitious reform path in 2017, starting to liberalize its economy after years of state control. Incomes are still relatively low compared to other emerging economies. Uzbekistan entered the COVID-19 crisis with relatively strong macro-economic fundamentals