According to preliminary Ministry of Finance data, the budget deficitat the end of December amounted to 1.8 billion euro, or 3% of the GDP which is a better result than the 4.4% set down in the updated version of the budget for 2020.

In 2020 the direct fiscal stimuli from the national budget, including the social and economic measures aimed at tackling the impact of the pandemic, as well as the funding for front line units, amounted to around 1.4 billion euro. These sums include around 400 million euro redirected from European funds. The fiscal reserve is in excess of 6 billion euro. These results show that a good fiscal policy has been maintained, the Ministry of Finance points out.

Reporting by Marta Mladenova, Horizont channel