Bulgaria: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, June 28, 2004
Source details
- Canonical URL
- Bulgaria: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: June 28, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451804430.002
Overview
- Paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement.
- Date: June 28, 2004.
- Format noted: IMF Staff Country Reports 2004, 176 (2004).
Macroeconomic conditions and external sector
- Foreign direct investment inflows have been strong.
- Reserves are rising.
- Competitiveness appears broadly adequate.
- Subject tags: Balance of payments, Banking, Current account, Current account deficits, External debt.
Fiscal policy and outcomes
- Fiscal policy tightened in 2003.
- The government saved half of the revenue overperformance.
- Reduced the deficit to 0.4 percent of GDP.
- Subject tags also include: Fiscal policy, Fiscal stance, Public debt, government, government sector, IMF staff estimate.
Structural reform
- The pace of structural reform has slowed.
- Two large privatizations and fiscal structural measures delayed.