Publication:
Bulgaria : Public Expenditures for Growth and Competitiveness

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-21T22:11:56Z
dc.date.available2013-02-21T22:11:56Z
dc.date.issued2012-03
dc.description.abstractBulgaria's economy performed relatively well during the crisis and the economy is reviving. In comparison with other Tenth European Union (EU10) countries, for Bulgaria the drop in Gross Domestic Product, or GDP growth was below the median, fiscal performance deteriorated less, and public debt stayed among the lowest in the entire EU. In late January 2011 the EC concluded that in 2010 Bulgaria had made significant progress in deficit reduction and is on track to exit the excessive deficit procedure in 2011. The large macroeconomic imbalances observed in 2005-08 had been corrected by 2010 with relatively little negative impact on growth relative to other EU10 countries. Since late 2010 Bulgaria's recovery has been driven by net exports; investment and consumption are recovering more slowly. As long as the economic environment remains favorable and structural reforms are implemented as planned, the economy should reach and even exceed its pre-crisis level in 2012. This report is intended to inform policy makers, the international community, and civil society about Bulgaria's recent economic performance and its options for reforming public spending to enhance competitiveness and growth. It first reviews Bulgaria's growth strategy and its fiscal adjustment over the last several years and the medium-term challenges it confronts. The report then analyzes Bulgaria's export performance to identify comparative advantages and outline policy options to enhance competitiveness in the medium term. Reforms should focus on improving the productivity of the public sector to enhance service delivery, improve the business environment, and upgrade infrastructure. The report identifies two general areas for reform: (i) the wage bill and public employment; and (ii) management of public investment.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/03/16270635/bulgaria-public-expenditures-growth-competitiveness
dc.identifier.doi10.1596/12451
dc.identifier.urihttps://hdl.handle.net/10986/12451
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesPublic expenditure review (PER);
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCRUAL BASIS
dc.subjectACTIVE DEBT
dc.subjectANNUAL BUDGET
dc.subjectANNUAL RATE
dc.subjectANNUAL REVIEWS
dc.subjectARREARS
dc.subjectARTICLE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK BORROWING
dc.subjectBANKING SYSTEM
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET LAW
dc.subjectBUDGET PLANNING
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET PREPARATION PROCESS
dc.subjectBUDGETING
dc.subjectCAPITAL BUDGET
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENT DECISIONS
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL SPENDING
dc.subjectCAPITAL TRANSFERS
dc.subjectCASH BASIS
dc.subjectCENTRAL BANKS
dc.subjectCENTRAL BUDGET
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT BUDGET
dc.subjectCIVIL SERVANTS
dc.subjectCIVIL SERVICE
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE MARKETS
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION TAXES
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCPI
dc.subjectCURRENCY
dc.subjectCURRENCY BOARD
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCUT SPENDING
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RATIOS
dc.subjectDECISION MAKING
dc.subjectDEFICIT REDUCTION
dc.subjectDEFICITS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC SAVINGS
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CYCLE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DOWNTURN
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RECOVERY
dc.subjectEDUCATION SERVICES
dc.subjectELECTRICITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL IMBALANCES
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCE STAFF
dc.subjectFINANCIAL BALANCES
dc.subjectFINANCIAL CONDITIONS
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL CORPORATIONS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL ACCOUNTS
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL PERFORMANCE
dc.subjectFISCAL POLICY
dc.subjectFISCAL POSITION
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFISCAL TARGET
dc.subjectFIXED EXCHANGE RATE
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENT SPENDING
dc.subjectGRANT FUNDS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH MODEL
dc.subjectGROWTH RATE
dc.subjectHARD BUDGET CONSTRAINTS
dc.subjectHEALTH CARE
dc.subjectHEALTH SECTOR
dc.subjectHEALTH SERVICES
dc.subjectHEALTH WORKERS
dc.subjectINCOME LEVELS
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINTENDED BENEFICIARIES
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT PORTFOLIO
dc.subjectINVESTMENT PROJECTS
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLIQUIDITY
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOSS OF REVENUE
dc.subjectMEDIUM-TERM FISCAL FRAMEWORK
dc.subjectMEDIUM-TERM OUTLOOK
dc.subjectMEDIUM-TERM PROGRAM
dc.subjectMETALS
dc.subjectMINISTRY OF DEFENSE
dc.subjectMINISTRY OF FINANCE
dc.subjectMUNICIPAL LEVEL
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL PRIORITIES
dc.subjectNATIONAL STATISTICS
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE INCENTIVES
dc.subjectNEGATIVE SHOCKS
dc.subjectOIL
dc.subjectOPERATING EXPENSES
dc.subjectPENSION FUND
dc.subjectPENSIONS
dc.subjectPERFORMANCE EVALUATIONS
dc.subjectPERFORMANCE INDICATORS
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAX
dc.subjectPERSONAL INCOME TAX REVENUES
dc.subjectPOLICY FORMULATION
dc.subjectPOLICY MAKERS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INDEX
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROGRAMS
dc.subjectPROPERTY TAXES
dc.subjectPUBLIC
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EMPLOYEES
dc.subjectPUBLIC EMPLOYMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SCHOOLS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR EMPLOYEES
dc.subjectPUBLIC SECTOR PRODUCTIVITY
dc.subjectPUBLIC SECTOR WAGES
dc.subjectPUBLIC SERVANTS
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectPURCHASING POWER
dc.subjectQUALITY OF EDUCATION
dc.subjectQUALITY OF SERVICES
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GROWTH
dc.subjectREAL WAGES
dc.subjectREALLOCATIONS
dc.subjectREFORM AGENDA
dc.subjectREFORM PROGRAM
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVENUE GROWTH
dc.subjectREVENUE PERFORMANCE
dc.subjectROAD NETWORK
dc.subjectROADS
dc.subjectSERVICE DELIVERY
dc.subjectSOCIAL BENEFITS
dc.subjectSOCIAL EXPENDITURE
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY CONTRIBUTIONS
dc.subjectSOVEREIGN DEBT
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX RATES
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTRANSPARENCY
dc.subjectUNCERTAINTY
dc.titleBulgaria : Public Expenditures for Growth and Competitivenessen
dspace.entity.typePublication
okr.date.disclosure2012-05-16
okr.date.doiregistration2025-05-07T10:05:56.974727Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2012/03/16270635/bulgaria-public-expenditures-growth-competitiveness
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid276861468020095614
okr.identifier.externaldocumentum000333038_20120516001442
okr.identifier.internaldocumentum16270635
okr.identifier.report62774
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/16/000333038_20120516001442/Rendered/PDF/627740ESW0REPL00Competitiveness0eng.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.sectorHealth and other social services :: Health
okr.sectorTransportation :: General transportation sector
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorEnergy and mining :: General energy sector
okr.sectorEducation :: General education sector
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Analysis of economic growth
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.themePublic sector governance :: Other accountability/anti-corruption
okr.themePublic sector governance :: Decentralization
okr.themePublic sector governance :: Administrative and civil service reform
okr.topicPublic Sector Economics
okr.topicPublic Sector Expenditure Policy
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicPublic Sector Development
okr.topicEnvironment
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 1
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