Bulgaria aims to keeps budget gap low in 2013

SOFIA, Oct 3 (Reuters) - Bulgaria aims to keep its budget deficit unchanged at 1.3 percent of gross domestic product next year thanks to expected 2013 economic growth of 1.9 percent, a draft budget showed on Wednesday.

Bulgaria plans to increase state pensions by an average 9.3 percent after a three-year freeze, betting that higher revenues will help it keep one of the lowest fiscal deficits in the European Union, said the draft, which has to be approved by government by the middle of October.

(Reporting by Tsvetelia Tsolova; Editing by Sam Cage)


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