Bulgaria's minfin sees end-June budget surplus at 41.9 mln euro

Bulgaria's minfin sees end-June budget surplus at 41.9 mln euro

Bulgaria's consolidated budget is expected to be in surplus of some 82 million levs ($49.7 million/41.9 million euro) at the end of June, the finance ministry said, citing preliminary data and estimates.

Consolidated budget revenue is expected to have added about 3.3 billion levs year-on-year to 24.7 billion levs in the first half of 2021, or 51.9% of the full-year plan, the ministry said in a statement on Wednesday.

Consolidated budget expenditure is estimated at 24.6 billion levs as at end-June, or 46.9% of the full-year plan. This compares to expenditure of nearly 19.8 billion levs as at the end of June 2020.

The consolidated budget showed a deficit of 140.6 million levs at the end of May, equivalent to 0.1% of the projected 2021 GDP, the finance ministry said in a separate statement on Wednesday.

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.

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