Bulgaria's minfin expects end-May budget deficit at 0.1%/GDP
Bulgaria's consolidated budget is expected to be in deficit of 173 million levs ($108.2 million/88.4 million euro) at the end of May, equivalent to 0.1% of the projected 2021 GDP, the finance ministry said, citing preliminary data and estimates.
Consolidated budget revenue is expected to have added some 2.8 billion levs year-on-year to 20.4 billion levs in the first five months of 2021, or 43% of the full-year plan, the ministry said in a statement late on Monday.
Consolidated budget expenditure is estimated at 20.6 billion levs as at end-May, or 39.3% of the full-year plan. This compares to expenditure of nearly 16.3 billion levs as at the end of May 2020.
The consolidated budget showed a surplus of 171.6 million levs at the end of April, equivalent to 0.1% of the projected 2021 GDP, the finance ministry said in a separate statement on Monday.
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.