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The Medium-Term Budget Forecast as a Tool for the Formulation of Bulgaria‘s Fiscal Policy

Author

Listed:
  • Lyuboslav Kostov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The purpose of the report is to assess the degree of credibility in the main budget parameters in the medium-term budget forecast of the Ministry of Finance of Republic of Bulgaria. An overview of the main fiscal parameters in the period 2016 – 2021 was made, as well as their implementation. It is clear that in the observed period there is a significant discrepancy between the originally planned parameters in the revenue and expenditure part of the State Budget of the Republic of Bulgaria, from the actual reported ones after that.

Suggested Citation

  • Lyuboslav Kostov, 2024. "The Medium-Term Budget Forecast as a Tool for the Formulation of Bulgaria‘s Fiscal Policy," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 147–157-1, December.
    • Handle: RePEc:nwe:natrud:y:2024:i:4:p:147-157
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    More about this item

    Keywords

    H10; H30; H50 fiscal policy; budget balance; revenues; expenditures;
    All these keywords.

    JEL classification:

    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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