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Modern Diplomacy Published 5 hours ago Getting to know Bulgaria’s “Fiscal Reserve” Recently, Bulgarian commentators and policymakers have been whispering on the status of the “Fiscal Reserve”. This financial instrument is amongst the main indicators of Bulgaria’s economic stability. It is also a source the government draws from to finance extraordinary expenses without recurring to debt. Given the reserves’ importance, it is unsurprising that some wonder whether the government is wasting precious resources now and then. It is important to notice that Bulgaria’s fiscal reserve is actually an aggregate indicator which includes heterogenous sorts of components. Such a detail is actually essential because the government cannot earmark all of these resources freely for current expenditure. Thus, doubts relating to the fiscal reserve regard not just its level, but also its composition. To get a clearer picture, one may simply say that there are three main categories of

Simeon djankovMilen velchevKiril ananievInstitute for market economyBulgarian national bankSilver fundEuropean unionFiscal reservePrime ministerFinance ministerMarket economyநிறுவனம் க்கு சந்தை பொருளாதாரம்பல்கேரியன் தேசிய வங்கிவெள்ளி நிதிஐரோப்பிய தொழிற்சங்கம்நிதி இருப்பு