Fiscal Policy in Bulgaria in Crisis Period

DOI:

https://doi.org/10.58894/EJPP.2020.3.359
Bulgaria fiscal policy economic crises

Abstract

Fiscal policy is a key element of the economic policy. It should be targeted at economic stabilization and smoothening of the business cycle. Its significance is even bigger in countries with currency board arrangement, which limits monetary policy responses to external and internal shocks. In this paper the specific measures towards mitigation of the current crisis by the Bulgaria’s government will be examined as well as their impact on country’s economy.