Bulgaria: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

November 10, 2016

Summary

The Bulgarian economy has shown resilience since the last Article IV consultation. Growth over the last 4 quarters exceeded expectations. The authorities took concrete steps to correct the fiscal slippage in 2014 and efforts are underway to strengthen confidence in the health of the financial system. Looking ahead, risks to the outlook are broadly balanced. Downside risks stem mostly from weak external demand, possible regional tension, and reversal in domestic policy reforms.

Subject: Banking, Expenditure, External debt, Fiscal policy, Fiscal stance, Labor, Public debt, Public investment and public-private partnerships (PPP), Real effective exchange rates, Wages

Keywords: buffer shortfall, Bulgarian authorities, CR, e-government development, energy price decline, Europe, Fiscal stance, Global, government, government debt position, ISCR, policy, productivity development, Public investment and public-private partnerships (PPP), Wages

Pages:
91
Volume:
2016
DOI:
https://doi.org/10.5089/9781475552447.002
Issue:
344
Series:
Country Report No. 2016/344
Stock No:
1BGREA2016001
ISBN:
9781475552447
ISSN:
1934-7685

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