Bulgaria's 2011 State Budget Sets Deficit at 2.5%/GDP

Bulgaria's 2011 State Budget Sets Deficit at 2.5%/GDP

Bulgaria's parliament on Thursday passed the 2011 budget bill which sets the budget gap at 1.9 billion levs ($1.3 billion/971 million euro), or 2.5% of the projected gross domestic product for next year.

The budget framework is based on a projection for a 3.6% growth of the gross domestic product (GDP) to 77 billion levs in 2011.

The budget bill sets revenues at 25.8 billion levs and expenditures at 27.8 billion levs.

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