Bulgaria targets 1.3 pct/GDP budget gap in 2013

SOFIA, Oct 10 (Reuters) - Bulgaria's government approved onWednesday a 2013 budget draft that aims to keep the fiscaldeficit down and also allow a hike in state pensions after athree-year freeze, Finance Minister Simeon Djankov said.

The cabinet aims for a budget gap of 1.3 percent of grossdomestic product, keeping fiscal policy tight to protect the pegof its lev currency against the euro, but expects economicgrowth of 1.9 percent in 2013 to help it slightly ease anausterity programme in an election year.

For a table on the 2013 published budget draft, please clickon .

(Reporting by Tsvetelia Tsolova; Editing by Sam Cage)


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