SOFIA Dec 23 Bulgaria expects to end the year
with its first budget surplus since 2008, outperforming
government forecasts of a 2 percent of gross domestic product
deficit and well below the 2.9 percent fiscal shortfall in 2015,
the finance ministry said on Friday.
The ministry said in a statement the economy's performance
was a result of consistent and balanced fiscal policy, aimed at
ensuring a sustainable fiscal position in the medium term.
Three weeks ago, the parliament approved a state budget bill
that projects a fiscal deficit of 1.4 percent of economic output
as the country braces for months of political uncertainly and
snap elections next spring.
Sofia plans to reduce its fiscal shortfall to 1.0 percent in
2018 and 0.5 percent in 2019.
(Reporting by Angel Krasimirov; Editing by Louise Ireland)