BUDGET DEFICIT OF THE REPUBLIC OF BULGARIA AND EU MEMBER STATES FOR THE PERIOD 2002-2013
SIMONA STOIMENOVA
Abstract
The article examines the state budget deficit of Bulgaria in the global economic and financial crisis. The objective of the study is to analyze the dynamics of the budget deficit of the Republic of Bulgaria for the period 2002-2013. The values of the budget deficit index for the period under examination are within the limits of the EU requirement – up to 3% of the gross national product. Bulgaria is one of the countries with the lowest budget deficit which is a criteria determining its fiscal stability.
Key words
Budget Deficit, European Economic and Monetary Union (Eurozone), Maastricht Convergent Criteria, Total Government Expenditure, Total Government Revenue
References
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Николов Ч., Д. Стоилова, Е. Ставрова. 2009. Публични финанси, Благоевград
Eurostat (2014) Data explorer http://epp.eurostat.ec.europa.eu/portal/page/portal/euroindicators/peeis
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