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The Fiscal Policy of Bulgaria in the Context of the EU Membership

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  • Tatiana Houbenova-Delisivkova

Abstract

The fiscal policy of Bulgaria is revealed with regard to the progress made in the process of compliance with the EU requirements for membership and for the preparation for Bulgaria’s entry in the EMU. The paper underlines the main trends of fiscal performance that has been an outcome of the Europeanization. Fiscal policy’s contribution to the ongoing restructuring of the Bulgarian economy is discussed in the following main aspects: 1)changing the role of government in providing public goods and services; 2)reforming the public revenues and expenditures structure and policies in order to make efficient the use of public resources; 3) better management of public spending policies and improvement of public accountability of the public finances. On the basis of comparative analysis the paper outlines the problems and the prospects of the fiscal policy with regard to the Bulgaria’s preparedness for the entry in the European Monetary Union. Conclusions are drawn as regards: 1) the main factors and trends of the financial restructuring of the public finances; 2)evaluation of the process of the Europeanization of the public finance management.

Suggested Citation

  • Tatiana Houbenova-Delisivkova, 2009. "The Fiscal Policy of Bulgaria in the Context of the EU Membership," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 145-160.
  • Handle: RePEc:bas:econst:y:2009:i:1:p:145-160
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    Cited by:

    1. Anton Gerunov, 2016. "Cyclical dynamics of key fiscal aggregates in Bulgaria over the period 1998-2014," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 56-73,74-89.

    More about this item

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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