Bulgaria Turns to Jan-Sept Cons Budget Surplus of 126.9 Mln Euro

Bulgaria Turns to Jan-Sept Cons Budget Surplus of 126.9 Mln Euro

Bulgaria posted a consolidated budget surplus of 248.1 million levs ($164.8 million/126.85 million euro) in the first nine months of 2012, finance ministry data indicated.

In January-September 2011 the country ran a consolidated budget deficit of 826 million levs.

The surplus in the first nine months of 2012 was formed by 735.2 million levs surplus in the national budget and 487 million levs deficit under EU funds transfer, data published by the finance ministry showed on Wednesday.

In September alone, Bulgaria posted consolidated budget surplus of 140.5 million levs.

Fiscal reserve amounted to 7.2 billion euro at the end of last month.

Bulgaria closed last year with a budget deficit of 1.58 billion levs, equivalent to 2.5% of the country's projected gross domestic product. The government plans to bring down the budget shortfall to 1.3% of GDP this year.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.