Bulgaria's Finmin Sees End-April Budget Surplus at 1.3%/GDP

Bulgaria's Finmin Sees End-April Budget Surplus at 1.3%/GDP

Bulgaria's finance ministry said on Monday it expects the consolidated budget to show a surplus of 1.33 billion levs ($381.4 million/309.7 million euro) at the end of April, equivalent to 1.3% of the projected 2018 gross domestic product (GDP).Consolidated budget revenues are expected to be 924.8 million levs higher on the year at 12.94 billion levs at the end of April, or 33.9% of the full-year plan, boosted by increased tax and non-tax revenues, the ministry said in a statement citing preliminary estimates. Consolidated budget expenditures are projected to total 11.6 billion levs at the end of April, or 29.5% of the full-year plan. Consolidated budget expenditures at end-April 2017 amounted to 10.43 billion levs. In a separate statement the finance ministry said that country's consolidated budget showed a surplus of 592.7 million levs at the end of March, equivalent to 0.6% of the projected GDP. Bulgaria's 2018 budget targets a deficit equivalent to 1.0% of the projected GDP, which is expected to grow by a real 3.9% to 105.6 billion levs.(1 euro = 1.95583 levs)

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