Bulgaria can raise up to $5.5 billion in new debt in 2020 - parliament
Share:
SOFIA (Reuters) - Bulgaria can raise up to 10 billion levs ($5.52 billion, 4.5 billion pounds) this year, almost five times more than initially planned, to alleviate the economic impact of the coronavirus pandemic and finance an expected fiscal gap, parliament decided on Monday.The lawmakers rubber-stamped a revision in the 2020 state budget that sets a new fiscal deficit target of 3% of GDP and expects the small, open economy to contract by 3% this year because of the coronavirus crisis. The..