Finance Minister Sees 2015 as the Year of Returning to Predictability for the Bulgarian Economy

Finance Minister Sees 2015 as the Year of Returning to Predictability for the Bulgarian Economy

„The estimates of the Ministry of Finance are the 2015 budget to end with a deficit of around 2.5-2.6% of GDP, or 0.7-0.8% of GDP less than projected in the revised budget for this year,", Minister of Finance Vladislav Goranov announced this news during the final for this year press conference of the Ministry. It was attended by the team of Deputy Ministers of Finance Karina Karaivanova, Kiril Ananiev and Feyzi Bekir, and the directors of the National Revenue Agency and the Customs Agency Boyko Atanasov and Vanyo Tanov.
„I see year 2015 as the year of returning to predictability in the economy; the macroeconomic indicators show this, as consumer confidence is restoring and domestic consumption is increasing - and this can be achieved only with the good work of the entire government", added in his annual review Minister Goranov. He reminded that in terms of GDP growth, growth estimates in the autumn of 2014 had been for around 0.6-0.8% and now we were getting closer to almost 3% for the current year. He said that "if we manage to cross the psychological barrier of 3% of the economic growth, it will trigger automatic mechanisms that will make it possible to overcome the unfavourable trends for low growth in the past years".

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