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Bulgaria: Danger of Policy Drifting
Politics ♦
Published: July 31, 2013; 10:39 ♦ (Vindobona)
Bulgaria's fundamentals are strong but politics suggest policy drift.
Bulgaria: Danger of Policy Drifting / Picture: © Vindobona.org
Bulgaria's fundamentals are strong, with public finances in a robust state of health, with a budget deficit as originally planned of just 1.3% of GDP this year, and with the ratio of general government debt/GDP below 20%, i.e. the envy of the EU. The current account is running at +/- 1% of GDP, and is currently close to being fully covered with net FDI. The BNB, meanwhile, has a solid…
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