Bulgaria needs to reach a bigger budget surplus than what the cabinet has planned for 2007, European Economic and Monetary Affairs Commissioner Joaquin Almunia said Wednesday.

Alumnia's commission took a look at Bulgaria, Romania and Latvia's convergence plans and all three countries were chewed up on account of their budget projects.

Bulgaria should be urged for a bigger surplus because it needs to increase its macroeconomical stability and decrease internal misbalances, the EC stated. The budget results from this year may be higher than planned and this means that budget plans for 2008 and 2009 could be placed at risk.

The country should also increase the efficiency of state expenses and reform its healthcare system, Alumnia suggested.

Bulgaria's authorities have planned a budget surplus of 0.8 percent of the GDP for 2007.

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