Bulgaria To Revise 2014 Budget, Raise Deficit To 3.0%/GDP

Bulgaria To Revise 2014 Budget, Raise Deficit To 3.0%/GDP

Bulgaria's political parties agreed on Monday on a revision to the state budget, raising deficit to 3.0% of the planned gross domestic product (GDP), president Rosen Plevneliev said.
Bulgaria's 2014 state budget targets a budget gap equivalent to 1.8% of the projected GDP.
The amendments to the state budget would also provide for a reasonable increase in the state debt ceiling, the president said, without quoting figures.
Under the 2014 state budget, the country's state debt cannot exceed 18 billion levs ($12.5 billion/9.2 billion euro) by the end of 2014.
The budget of the National Health Insurance Fund too will be revised so as to guaranty its normal functioning.

Previous Next
Close
Test Caption
Test Description goes like this
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.