Bulgaria's finmin sees end-Nov budget deficit at 0.2%/GDP

Bulgaria's finmin sees end-Nov budget deficit at 0.2%/GDP

Bulgaria's consolidated budget is expected to show a deficit of 183.2 million levs ($112 million/93.7 million euro), equivalent to 0.2% of GDP, at the end of November, compared to a 1.3 billion levs surplus a year earlier, the finance ministry said.

Consolidated budget revenue is expected to amount to 39.7 billion levs at the end of November, or 89.4% of the full-year plan, the ministry said in a statement on Monday.

Consolidated budget expenditures are projected at 39.9 billion levs at the end of November, equal to 83.3% of the 2020 plan.

The finance ministry said in a separate statement on Monday that the country's consolidated budget had a surplus of 654.3 million levs at the end of October, or 0.5% of GDP.

In October, Bulgaria's government proposed a second amendment to the 2020 budget, envisaging a deficit of 4.4% of GDP.

In April, the parliament adopted changes to the 2020 balanced budget that envisage a deficit of 3.5 billion levs, equivalent to 2.9% of GDP, in order to meet spending needs arising from the coronavirus pandemic.

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