Bulgaria Boasts BGN 850 M Budget Surplus in H1 2015

Bulgaria Boasts BGN 850 M Budget Surplus in H1 2015

Bulgaria will close the first half of 2015 at a surplus of around BGN 850 M, according to preliminary data of the Finance Ministry. 
The result is the biggest H1 surplus registered since 2008.
In comparison, in the same period of 2014 the state coffers were plagued by a deficit of BGN 996,4 M, meaning that the budgetary position improves by BGN 1 846,4 M, according to reports of 24 Hours Daily.
The higher state revenues and foreign aid continue to be the main factors for the budgetary position improvement by June 2015
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