{
  "title": "Bulgaria: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, June 28, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/bulgaria-staff-report-for-the-2004-article-iv-consultation-17485",
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  "summary": "This paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. Foreign direct investment inflows have been strong, reserves are rising, and competitiveness appears broadly adequate.",
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    {
      "heading": "Overview",
      "content": "- Paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement.\n- Date: June 28, 2004.\n- Format noted: IMF Staff Country Reports 2004, 176 (2004)."
    },
    {
      "heading": "Macroeconomic conditions and external sector",
      "content": "- Foreign direct investment inflows have been strong.\n- Reserves are rising.\n- Competitiveness appears broadly adequate.\n- Subject tags: Balance of payments, Banking, Current account, Current account deficits, External debt."
    },
    {
      "heading": "Fiscal policy and outcomes",
      "content": "- Fiscal policy tightened in 2003.\n- The government saved half of the revenue overperformance.\n- Reduced the deficit to 0.4 percent of GDP.\n- Subject tags also include: Fiscal policy, Fiscal stance, Public debt, government, government sector, IMF staff estimate."
    },
    {
      "heading": "Structural reform",
      "content": "- The pace of structural reform has slowed.\n- Two large privatizations and fiscal structural measures delayed.\n\n---\n\n Content in this bundle\n\n- cr04176\n  - cr04176 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr04176 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 28, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451804430.002",
    "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).",
    "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.",
    "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.",
    "The pace of structural reform has slowed.",
    "Two large privatizations and fiscal structural measures delayed.",
    "**_cr04176**"
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