Bulgarian Government to cut budget deficit by 2013

According to the Deputy Finance Minister Vladislav Goranov, Bulgaria will have a budget deficit of 2.5% in 2011 and it will cut it down to 1.0% in 2013. In June the Bulgarian Government has revised its 2010 target budget deficit to 3.9%, whereas in 2009 Bulgaria registered a budget deficit of 3.9% of GDP.

Source: Sofia News Agency