Bulgaria to End 2016 with Surplus Above Forecasts
Friday, 30 December 2016
Bulgaria expects to end the year with its first budget surplus since 2008, outperforming government forecasts of a 2 percent of gross domestic product deficit and well below the 2.9 percent fiscal shortfall in 2015, the finance ministry said on Friday.
The ministry said in a statement the economy's performance was a result of consistent and balanced fiscal policy, aimed at ensuring a sustainable fiscal position in the medium term.
Three weeks ago, the parliament approved a state budget bill that projects a fiscal deficit of 1.4 percent of economic output as the country braces for months of political uncertainly and snap elections next spring.