FACTBOX: Economic plans of Bulgaria's main political parties

Sun Jul 5, 2009 11:49pm BST
 
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SOFIA (Reuters) - Bulgaria held a parliamentary election Sunday.

All key parties hope to maintain macroeconomic stability by preserving the currency board regime and the 1.95583 lev per euro peg, introduced after a financial meltdown in the mid-1990s.

Here are the key points of their economic programmes:

GERB

- revise the 2009 budget to cut spending and start immediate talks with the International Monetary Fund for an aid package

- aim for balanced budgets

- cut social insurance payments by up to 5 percentage points from 33.6 percent

- work toward an accelerated entry to ERM-2 (european rate mechanism)

- freeze projects for which no financing has been secured  Continued...

 

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