The heterogeneity of time in programming for budgetary and fiscal policy caused by a combination of economic
cycles with different content and duration and the time lags of economic policy.
It should also be noted that the management of economic policy carried out against the background of the
economic cycles of different nature and duration of that impact identification and evaluation of the results and
effectiveness of the planning and implementation of development programs over time and the estimated lag.
Problems arise from the program management of the economy at the same time stay in different phases of the
economic cycle and the time lags of different duration. Defining the elements of economic (including financial)
policy, namely the indicators, benchmarks, tools, intermediate and final goals - to consider not only the risk
assessment as reducing uncertainty.