Bulgaria's minfin expects 452.5 mln euro budget surplus at end-Aug

Bulgaria's minfin expects 452.5 mln euro budget surplus at end-Aug

Bulgaria's consolidated budget is expected to be in surplus of some 885 million levs ($534.3 million/452.5 million euro) as at the end of August, the finance ministry said, citing preliminary data and estimates.

Consolidated budget revenue is expected to have added about 4.7 billion levs year-on-year to 33.5 billion levs in the first eight months of 2021, or 70.5% of the full-year plan, the ministry said in a statement on Tuesday.

Consolidated budget expenditure is estimated at some 32.7 billion levs as at end-August, or 62.2% of the full-year plan. This compares to an expenditure of 27.2 billion levs as at the end of August 2020.

The consolidated budget showed a surplus of 705.2 million levs at the end of July, equivalent to 0.6% of the projected 2021 GDP, the finance ministry said in a separate statement on Tuesday.

The 2021 budget bill 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 expenditures 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.