Bulgaria Posts 991 Million Levs Budget Surplus for January

Bulgaria Posts 991 Million Levs Budget Surplus for January

Bulgaria’s consolidated budget showed a surplus of 991.6 million levs for end-January equivalent to 1.1% of the projected 2016 GDP, according to preliminary data released by the Finance Ministry on Monday.
This compared with a consolidated budget surplus of 69.1 million levs equivalent to 0.1% of GDP at end-January 2015.
The Finance Ministry attributed the rise in surplus to the higher rate of increase in budget revenue and grants as well as decreased spending compared with January 2015.
Revenues and grants received in January 2016 increased by  26.7% year-on-year, reaching 3.13 billio levs, or 9.5% of annual plan.This compared with year-on-year increase in revenue and grants by 19.3% and 15.8% for January 2015 and January 2014 respectively, the Finance Ministry said in a monthly budget report.    
Expenditure under the consolidated budget, including Bulgaria’s contribution into the European Union budget, totalled 2.14 billion levs, or 6.1% of the 2016 plan. This compared with consolidated budget spending of 2.40 billion levs for January 2015.

Sofia News Agency

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.