GOVERNMENT REPORTS 5.8% ECONOMIC GROWTH IN Y 2000

Politics | July 4, 2001, Wednesday // 00:00| Views: | Comments: 0

`During the four-year mandate of the government we achieved real economic growth of 5.8%, which is one of the highest in Europe`, Finance Minister Muravey Radev said. Today the Cabinet approved the report on the execution of the 2000 budget. Nominal GDP for last year amounted to BGN 25.454 Bln, 20.1% up compared to 1999. A key factor for that was the increase in export. GDP growth is expected to be 5% in 2002, 6.5% in 2002, and 6% in 2003 and 2004. According to Radev the forecast is attainable if no grave mistakes are made in the economy. The year 2000 was Bulgaria`s strongest in respect to economy. Last year Bulgaria achieved its highest results for the last 12 years. Budget revenues amounted to BGN 11.065 Bln. In year 2000 the individual household consumption rose by 3.3%, equity investment by 8.2%. By July 12 the finance minister will present a detailed report on the 4-year government of the UtDF.
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