Council of Ministers passes Short-term Fiscal Framework 2010-2013

BULGARIA

The Council of Ministers passed the Short-term Fiscal Framework 2010-2013 and the basic allowances for 2010-2013. For the first time the strategic document covers the entire term of office of the government and secures the policies and priorities in the different sectors, the government’s press office announced.

The document outlines four major goals of the economic and fiscal policy: improvement of the wealth of the citizens of the Republic of Bulgaria; keeping the stability of the Currency Board at the current fixed exchange rate of the Bulgarian lev against the euro; directing the public expenses towards stimulation of the economic growth in line with the Lisbon Treaty; improvement of the investment climate in the country.