Budget, Finance Commission Approves Bulgaria's 2017 Budget at First Reading

The Budget and Finance Commission has approved at first reading the state budget for 2017.

During the presentation of the budget, Finance Minister Vladislav Goranov stated that the estimates made for changes to the proceeds part of the budget are realistic. He added that we should expect real growth of 2.5% of Bulgaria’s GDP in 2017.

According to Goranov, the deficit is planned at 1.4% of GDP for 2017, 1% of GDP for 2018 and 0.5% for 2019.

The state debt – forecast GDP ratio is expected to be 25%.

Education and reforms in the sector will be the priority in 2017.

So far as health care is concerned, Goranov explained that emergency medical aid continues to be reinforced via providing additional funds.

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