(AFX UK Focus) 2010-05-25 10:20 UPDATE 1-Bulgaria to target 4.8 pct/GDP fiscal gap in 2010
[May 25, 2010] [via YahooNews]BUCHAREST, May 25 (Reuters) - Bulgaria will target a budget deficit of 4.8 percent of gross domestic product under local accounting standards in 2010, far wider than initial estimates, central bank deputy Governor Kalin Hristov said on Tuesday. Bulgaria's admission last month that it had hidden the truth about the size of its 2009 deficit sent ripples across emerging Europe, raising concerns ...
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Tags : accounting standards | admission | bucharest | budget deficit | bulgaria | deputy governor | emerging europe | gross domestic product | initial estimates | kalin | reuters | ripples | truth about
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