Bulgarian Fiscal Policy in the Stabilization Program
Bulgarian Fiscal Policy in the Stabilization Program

Author(s): Nikolai Gulubov
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, National Economy, Sociology, Economic policy, Applied Sociology, Economic development, Public Finances, Socio-Economic Research
Published by: Център за изследване на демокрацията
Summary/Abstract: The first changes (after the most important political change on November 10, 1989) toward a pluralistic society and market economy appeared in 1990. In that year for the first time Bulgaria began its fiscal year (which coincided with the calendar year) without a budget prepared and approved by Parliament - due to the complicated economic and political situation. In 1990 alone. Parliament voted the state budget twice (the second budget was an updated version of the earlier one and its basic indicators were even worse). The actual implementation, in turn, was a less successful version of the second budget. This tradition was followed throughout 1991 and will obviously prevail as well in 1992.

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