Currently drafted Budget 2007 would maintain a budget surplus, a memorandum on economic and financial policies of the Cabinet and the International Monetary Fund (IMF) mission said.

Economists needed to guarantee a budget surplus totaling two per cent of the GDP for 2007, Banker newspaper reported.

The percentage would not be hard to achieve as the prediction on which annual budget estimates are based is three per cent.

In 2007 the Finance Ministry planned to continue utilising financial restrictions, which would enable the state react in case of crisis or larger than expected current account deficit, Banker reported.

Taxation policies would aim to stimulate production and investment. Corporate taxation would decrease from 15 to 12 per cent. Minimal monthly salaries would increase from 160 to 170 leva according to plans.

Bigger salary increase was impossible as the moment as it would increase the financial burden of companies, Banker reported. Such decision would have negative impact on the entire economy as it would decrease company competitiveness and export levels.