January 10 (SeeNews) - The European Commission has improved its estimate of Bulgaria's long-term fiscal sustainability, moving the country from medium to low-risk category, the finance ministry said on Tuesday.
The European Commission has also confirmed the finance ministry's estimate that there is a low level of risk to the short-term and medium-term sustainability of public finance, the ministry said in a statement.
Bulgaria's gross public debt-to-GDP ratio is projected to fall to 26.3% in 2017 from 29.4% last year, the European Commission said in its Debt Sustainability Monitor 2016 annual report.
The report evaluates the challenges to fiscal sustainability faced by EU member states on the basis of the 2016 autumn macroeconomic forecast of the European Commission as well as of the projections of population ageing costs in the individual countries.