STATE BUDGET PROBLEMS: CONSEQUENCES AND SOLUTIONS

IVAN TODOROV

 

Abstract

Under a currency board arrangement, state budget is the only tool of macroeconomic policy. Main defects in budget structures and their socio - economic effects have been outlined. An attempt has been made to analyze the basic problems in the budget and fiscal policies of Bulgaria and recommend adequate solutions to these problems.

 

Key words

Budget structures, fiscal policies, currency board

 

Full Text: PDF (Bulgarian)