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Bulgaria: Fiscal Plans “Too Ambitious”

Published: November 16, 2013; 08:53 · (Vindobona)

According to the IMF, the underlying assumptions of Bulgaria´s government are not realistic. The banking industry is stable, though.

Bulgaria: Fiscal Plans “Too Ambitious” / Picture: ©

The 2014 budget is rather risky, the IMF commented. If the basic assumptions prove untrue, Bulgaria´s government will have no other choice to cut spending, the IMF told Bloomberg.

According to the Bulgarian government, GDP growth will come at 0.6% in 2013 and at 1.8% next year. IMF forecasts a growth rate of 0.5% for 2013 and 1.6% for 2014.

The main risk factor is the…

This article includes a total of 213 words.

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