Bulgaria: Selected Issues and Statistical Appendix

August 7, 2002

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Bulgaria: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2002) accessed November 29, 2024

Summary

This Selected Issues paper and Statistical Appendix analyzes the reasons behind the relatively low rates of savings in Bulgaria and prospects for their evolution over the medium term. The paper argues that low saving rates largely reflect the current stage of transition—characterized by still low income levels, incomplete structural reforms, the memories of the financial and banking crises of 1996–97, and an adverse demographic structure. An analysis of prospective saving rates indicates that as the transition process advances, saving rates may increase by 5 percentage points over the medium term.

Subject: Banking, Budget planning and preparation, Commercial banks, Financial institutions, Foreign banks, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Bank, Commercial banks, CR, Eastern Europe, Foreign banks, Foreign currency, Global, Government, Government debt management, Government saving, ISCR, Lower-than-projected saving, Private sector saving, Rate, Saving, Saving rate

Publication Details

Pages:

122
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/173
Stock No:

1BGREA0032002
ISBN:

9781451804454
ISSN:

1934-7685

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