Bulgaria’s FinMin Sets 2013 GDP Growth at 1.9% in Budget Draft

Bulgaria’s FinMin Sets 2013 GDP Growth at 1.9% in Budget Draft

Bulgaria's finance ministry has set the country's economic growth next year at 1.9% to 81.486 billion levs ($53.8 billion/41.7 billion euro) in a 2013 budget draft.

Budget revenues next year are expected to increase by 1.8 billion levs, providing the resource needed for the planned rise in expenditures on social welfare, education, culture, environment protection and infrastructure, the finance ministry said in a press release on Wednesday.

The draft sets budget deficit at 1.1 billion levs, or the equivalent of 1.3% of the projected gross domestic product (GDP). The budget debt ceiling is set at 14.6 billion levs, or 17.8% of GDP.

Foreign direct investments in the country are expected to reach 4.2% of GDP in 2013, up from a projected 3.8% of GDP for this year.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.