Bulgaria targets 1.3 pct/GDP budget gap in 2013

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

The cabinet aims for a budget gap of 1.3 percent of gross domestic product, keeping fiscal policy tight to protect the peg of its lev currency against the euro, but expects economic growth of 1.9 percent in 2013 to help it slightly ease an austerity programme in an election year.

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

(Reporting by Tsvetelia Tsolova; Editing by Sam Cage)


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