The study assesses Bulgaria's progress in its transition to a market economy, and in its preparation for accession to the European Union (EU), through an analysis of economic developments during the 1990s, with special emphasis on the 1997-1999 period. It identifies the major challenges the...

Bulgaria's economic progress in recent years has been notable. Since 1997, the country has implemented a range of structural reforms alongside substantive fiscal and sectoral reforms. Measures have included the introduction of a currency board to stabilize the lev and more aggressive...

Intro -- CONTENTS -- Abstract -- Preface -- Acknowledgments -- Acronyms and Abbreviations -- Executive Summary -- Part One: The Main Report -- 1. The Strategic Setting -- 2. Public Expenditure Structure and Trends -- 3. Expenditure Reform Priorities in Key Sectors -- 4. Institutional Challenges...