Bulgaria Reports Prelim 952 Million Levs Budget Surplus for January

Bulgaria Reports Prelim 952 Million Levs Budget Surplus for January

Bulgaria’s consolidated budget is expected to show a surplus of 952 million levs for January equivalent to 1.1% of the projected 2016 GDP, according to preliminary data and estimates of the Finance Ministry.
This compared with a consolidated budget deficit of 69.1 million levs equivalent to 0.1% of GDP reported in January last year, the Finance Ministry said in a monthly budget statistical report.
The turnaround to budget surplus for the month of January was mainly due to a growth in tax and non-tax revenues and grants and a drop in expenditure, the Finance Ministrry said.
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