Economics, Econometrics and Finance
8 years ago

Foreign investment inflow driving Bulgaria's current account deficit, challenges fiscal policy.

Deleted Journal
THE PROBLEM OF THE CURRENT ACCOUNT DEFICIT IN BULGARIA
Chavdar Nikolov

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The current account deficit in Bulgaria is not mainly due to low export competitiveness, but rather to foreign investment inflow and growing foreign debts of the private sector. This challenges the belief that budget surpluses are the solution, highlighting the need for a reevaluation of fiscal policies.