Bulgaria Targets 3.0% GDP Growth, Budget Gap Below 2.5%/GDP in 2011

Bulgaria Targets 3.0% GDP Growth, Budget Gap Below 2.5%/GDP in 2011

Bulgaria will aim to keep 2011 budget gap below 2.5% of the projected gross domestic product (GDP) and achieve a real economic growth of 3.0% under its macroeconomic framework for next year, local media reported on Friday.

The country has projected next year's nominal GDP at 72 billion levs ($47.6 billion/36.8 billion euro) and the budget deficit at up to 1.8 billion levs, Dnevnik   business daily quoted Finance Minister Simeon Dyankov as saying.

The government sees Bulgaria's economy rising 1.0% this year, compared to a 5.0% contraction in 2009. The budget gap target is set at 4.8% of GDP compared to a 3.7% shortfall last year.

 

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