October 25, 2019 / 2:29 PM / a month ago

Bulgaria targets balanced budget next year

SOFIA, Oct 25 (Reuters) - Bulgaria will target a balanced budget next year and expects to end 2019 with a fiscal shortfall of 2% of economic output, according to the draft 2020 budget published by the finance ministry on Friday.

Slower exports will limit economic growth to 3.3% next year, down from expected growth of 3.4% in 2019, according to the draft, which is pending approval by the government and parliament. (Reporting by Tsvetelia Tsolova; Editing by David Clarke)

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