Bulgaria's finmin sees end-Jan budget surplus at 0.3%/GDP

Bulgaria's finmin sees end-Jan budget surplus at 0.3%/GDP

Bulgaria's consolidated budget is expected to show a surplus of 405 million levs ($250.6 million/207.1 million euro) in January, equivalent to 0.3% of estimated 2021 GDP, the finance ministry said.

The forecast compares to 878.6 million levs surplus recorded at the end of January last year, the ministry said in a statement late on Friday.

Consolidated budget revenue is expected to amount to 3.7 billion levs in the first month of 2021, down 2.7% compared to a year earlier, or 7.7% of the full-year plan.

Consolidated budget expenditures are estimated at 3.3 billion levs as at end-January.

In a separate statement, the finance ministry said Bulgaria's full-year 2020 consolidated budget was in deficit equivalent to 3.0% of the estimated GDP, compared to a deficit of 0.97 % of GDP in 2019.

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.

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