There is a gap in budget estimates for Bulgaria

The European Commission prognosticates an economic growth for Bulgaria by 1.5% lower than the previously estimated for next year. The reason for this slowdown is the slower utilization of European funds, the autumn economic forecast reads. The ruling envisage in the budget for 2016 an economic growth of 2.1% of GDP and a deficit of state expenses of 2%. The Commission, however, expects the deficit in the treasury to remain high and to reach 2.7%.

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