The Medium-Term Budget Forecast as a Tool for the Formulation of Bulgaria‘s Fiscal Policy
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Academic Publishing UNWE (AP-UNWE)
Abstract
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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.
Keywords
Fiscal policy, Revenues, Expenditures, Budget balance, H10 - General, H30 - General, H50 - General