Finance Minister: Bulgaria Ends Year with Top EU Fiscal Results

Bulgaria’s Finance Minister, Simeon Djankov, believes that thanks to the stable fiscal policies and the fight against illegal business practices, the Bulgarian economy would be BGN 1 B stronger than the forecasts. Photo by BGNES

Bulgaria will end the year with the best fiscal result in the European Union, Bulgaria’s Finance Minister, Simeon Djankov, said.

Djankov voiced his confidence in a Sunday interview for the Bulgarian National Radio (BNR), aiding that in 2010 Bulgaria would also be the only country to fulfill the Maastricht criteria.

The Minister pointed out that the country has reached the bottom of the crisis, but the anti-crisis measures of the new cabinet are yielding positive results such as the passing of the 2010 budget and the upgraded rating by Standard & Poors.

Djankov believes that thanks to the stable fiscal policies and the fight against illegal business practices, the Bulgarian economy would be BGN 1 B stronger than the forecasts.

“My main goal and the goal of the cabinet is to reach a positive 2010 balance, something we already see signs it might happen,” the Minister said, adding that an additional BNG 400 M would enter the 2010 budget just from the fiscal binding of the National Revenue Agency and the Customs Agency.