Untangling the Maze of European Union Funds to Bulgaria

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dc.creatorVincelette, Gallina A.
dc.creatorVassileva, Iglika
dc.date2012-06-18T22:18:08Z
dc.date2012-06-18T22:18:08Z
dc.date2006-07
dc.date.accessioned2026-07-01T01:20:12Z
dc.descriptionThe paper presents a fiscal estimate of Bulgaria's perspective European Union (EU) membership. The projected EU funds have two distinct effects: first, there is the overall effect on the balance of payments of the country; and second, there is the pure effect on the national budget. The paper concludes that Bulgaria is likely to benefit from large net inflows of resources of an average of 3.7 percent of gross domestic product (GDP) in 2007-09. In contrast, its fiscal position is expected to deteriorate by 1.6 percent of GDP on average in 2007-09 if no expenditure restructuring of the fiscal framework is carried out. The expected deterioration of the public finances related to EU accession would be due to co-financing requirements, national contributions to the EU budget, and possible full pre-financing of the EU direct payments to Bulgarian farmers in the first year of accession. However, the above expenditures will be partly offset by the budgetary compensation allocated out of the EU budget, savings from agricultural subsidies, and shifting of certain public expenditures to Cohesion Fund-supported projects.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2006/07/6913966/untangling-maze-european-union-funds-bulgaria
dc.identifierVincelette, Gallina Andronova; Vassileva, Iglika. 2006. Untangling the Maze of European Union Funds to Bulgaria. Policy Research Working Paper; 3962. © World Bank. http://hdl.handle.net/10986/8383 License: CC BY 3.0 IGO.
dc.identifierhttps://hdl.handle.net/10986/8383
dc.identifier10.1596/1813-9450-3962
dc.identifier.urihttp://hdl.handle.net/123456789/417162
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; 3962
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURE
dc.subjectCENTRAL BANK
dc.subjectCOMPENSATION
dc.subjectCOMPETITIVENESS
dc.subjectCOMPONENTS
dc.subjectDEFLATORS
dc.subjectECONOMIC JUSTIFICATION
dc.subjectENERGY PRODUCTION
dc.subjectENERGY SOURCES
dc.subjectEU
dc.subjectEXCISE TAXES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFARMERS
dc.subjectFISCAL POLICY
dc.subjectFORECASTS
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectINDEXATION
dc.subjectINTEGRATION
dc.subjectLEGISLATION
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLOW TARIFFS
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectPOSITIVE EFFECTS
dc.subjectPRICE CHANGES
dc.subjectPRIVATE SECTOR
dc.subjectPROGRAMMING
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREBATE
dc.subjectRURAL DEVELOPMENT
dc.subjectSTANDARD OF LIVING
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTION
dc.subjectSURPLUS
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL REVENUE
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.titleUntangling the Maze of European Union Funds to Bulgaria

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