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fiscal position

OLYMPUS DIGITAL CAMERA
Economy

How Bulgaria’s Fiscal Position Went All Wrong

Petar Ganev and IME/December 15, 2015December 15, 2015 /Leave a comment

Although Bulgaria has officially been in a budgetary consolidation phase during the entire 2013-2015 period, public expenditure went out of control on several occasions. Yet again the newly presented medium-term budget framework provides for decreasing deficits, while current expenditures (and thus deficits) are being hiked.

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