The authors of the report quoted by the Bulgarian
Finance Ministry, believe that 2007 is a realistic year for Bulgaria's entry in the EU.At at the end of 2001 the new government tightened the fiscal policy as it faced an increasing current account deficit, as a result of which the defecit was reduced from a target of 1.5% to 0.9%, says the report. This had a favourable effect for the signing of a new two-year stand-by agreement with the IMF.The aim of the government is to keep the fiscal deficit unchanged at 0.8% of the GDP through 2002 and to gradually reduce it to achieve a balanced budget in the midium term, the analysts say. According to them, Bulgaria's performancer so far gives no reason for doubt its success.