Bulgaria's Finmin Sees End-Aug Budget Surplus at 2.4%/GDP
Bulgaria's finance ministry said on Friday that it expects the consolidated budget to show a surplus of 2.47 billion levs at the end of August, equivalent to 2.4% of the projected 2018 gross domestic product (GDP).Consolidated budget revenues are expected to be 2.69 billion levs higher on the year at 25.97 billion levs at the end of August, or 68% 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 23.5 billion levs at the end of August, or 59.8% of the full-year plan. Consolidated budget expenditures at end-August 2017 amounted to 21.13 billion levs.In a separate statement the finance ministry said that country's consolidated budget showed a surplus of 2.01 billion levs at the end of July, equivalent to 1.9% 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)