Macroeconomic Monitor

2013.09.02

Budget update: accumulating debt is saving

Today, the Bulgarian parliament approved the government's budget update proposal in first reading. The bill envisages an increase in the deficit from the current 1.3%/GDP to 2%/GDP and raising the ceiling for issuing new debt in the current year from 2 billion leva to 3 billion leva. It is clear to everyone that only …

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Guest article: Was it an intervention – describe it?

Do you remember "Tsar" - that famous strategy game from our childhood, in which the European race faced off with its fearsome stone giants, the Arab race with its magicians who struck down opponents with a rain of fire, and the Asian race with its agile horse samurai? If I had enough funds, I would create a new version in which ...

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