Bulgaria's Parl Adopts 2014 Budget Framework, Targets 683 Mln Euro Budget Gap

Bulgaria's Parl Adopts 2014 Budget Framework, Targets 683 Mln Euro Budget Gap

Bulgaria’s parliament adopted the framework of the 2014 state budget targeting budget deficit of 1.336 billion levs  ($929.8 million/683.1 million euro).
Revenues are projected at 19.263 billion levs next year, the parliament said in a statement on its website.
Expenditures are expected to reach 9.899 billion levs in 2014. Net transfers are expected to amount to 9.795 billion levs, and contributions to the European Union are estimated at 905 million levs.
The 2014 state budget bill targets a budget gap equivalent to 1.8% of the projected gross domestic product, the government said earlier. Real economic growth is projected at 1.8% next year.
As part of the provisions of the 2014 state budget, the MPs adopted a new 20% charge on revenues from wind and solar power generation as of January 1. Non-payment of the fee carries a fine of 5,000 to 10,000 levs ($3,500 - 7,000 /2,600-5,200 euro) for first violation, and 7,000 to 15,000 levs for repeat violation.

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