The Fiscal Policy of Bulgaria in the Context of the EU Membership

The fiscal policy of Bulgaria is revealed with regard to the progress made in the process of compliance with the EU requirements for membership and for the preparation for Bulgaria’s entry in the EMU. The paper underlines the main trends of fiscal performance that has been an outcome of the Europeanization. Fiscal policy’s contribution to the ongoing restructuring of the Bulgarian economy is discussed in the following main aspects: 1)changing the role of government in providing public goods and services; 2)reforming the public revenues and expenditures structure and policies in order to make efficient the use of public resources; 3) better management of public spending policies and improvement of public accountability of the public finances. On the basis of comparative analysis the paper outlines the problems and the prospects of the fiscal policy with regard to the Bulgaria’s preparedness for the entry in the European Monetary Union. Conclusions are drawn as regards: 1) the main factors and trends of the financial restructuring of the public finances; 2)evaluation of the process of the Europeanization of the public finance management.