Bulgaria's finmin sees end-Feb budget surplus at 0.1%/GDP

Bulgaria's finmin sees end-Feb budget surplus at 0.1%/GDP

Bulgaria's consolidated budget is expected to show a surplus of 137 million levs ($84.6 million/70 million euro) at the end of February, equivalent to 0.1% of the projected 2021 GDP, the finance ministry said.

The forecast compares to a surplus of 1.48 billion levs recorded at the end of February 2020, the ministry said in a statement on Friday.

Consolidated budget revenue is expected to be down by 103 million levs year-on-year at 7.4 billion levs in the first two months of 2021, or 15.5% of the full-year plan.

Consolidated budget expenditure is estimated at 7.2 billion levs as at end-February, or 13.8% of the full-year plan. This compares to expenditure of 6 billion levs at the end of February 2020.

In a separate statement on Friday, the finance ministry said Bulgaria's consolidated budget showed a surplus of 0.3% of GDP at the end of January.

The 2021 budget framework envisages a deficit of some 5 billion levs, including a 600 million levs buffer in case the situation with the coronavirus pandemic worsens and additional resources are needed.

Previous Next
Close
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.