Bulgarian Committee on Budget and Finance Adopted 2016 State Budget Act
Friday, 13 November 2015
The Committee on Budget and Finance adopted the State Budget Act 2016, a reporter of FOCUS News Agency announced.
The Committee adopted the law with 12 votes “in favour”, 7 “against” and 0 “abstained”. The Committee on Budget and Finance held a joint meeting with the parliamentary Committee on Economic Policy and Tourism, which also adopted the State Budget Act 2016.
The bill set expectations for real GDP growth, which is expected to reach 2.1 percent and to maintain a relatively stable growth in 2017 and 2018, respectively - 2.5 percent and 2.7 percent.
“Support for the state budget is support for the government and the other way round – otherwise it would be censure of any government.” That is what Minister of Finance Vladislav Goranov told journalists.