Bulgaria's consolidated Budget in April showed a surplus of 213 million leva

Bulgaria's consolidated Budget in April showed a surplus of 213 million leva

Bulgaria's consolidated Budget in April showed a surplus of 213 million leva, the Finance Ministry said on May 4, citing preliminary data.The ministry did not provide further details on revenue and spending, but said that it confirmed the Cabinet's forecasts that public finances would stabilise in April."Our expectations that April would be a watershed for the economy are being confirmed. We hope that the worst months of the crisis are behind," Finance Minister Simeon Dyankov said in the statement."Payments to the private sector through the Bulgarian Development Bank are under way and that will give economic recovery an additional resource and push," Dyankov said.A complete breakdown of public finances in April would be made available once the cash balances of municipalities and extra-Budgetary funds are tallied, the ministry said. Usually, the ministry announces Budget data a full month after the end of the period in question.On May 3, the ministry said that the first-quarter Budget deficit reached 1.67 billion leva, including 271 million leva in March alone. Budget revenue was 5.17 billion leva, down from 6.6 billion leva in the first quarter of 2009, while tax revenue declined from 5.16 billion leva in January-March 2009 to 4.18 billion leva in the first three months of 2010.

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