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Bulgaria Posts 245 Mln Euro Consolidated Budget Gap in Jan-Aug - Table

Sep 30, 2009, 6:31:37 PMArticle by Iva Doneva
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September 30 (SeeNews) - Bulgaria had a consolidated budget gap of 478.8 million levs ($358 million/244.9 million euro) in the first eight months of 2009, compared to a surplus of 4.6 billion levs a year earlier, Finance Ministry figures showed on Wednesday.

Bulgaria Posts 245 Mln Euro Consolidated Budget Gap in Jan-Aug - Table

Following are details of Bulgaria's budget revenue and spending (in millions of levs):

Jan-Aug'09 Jan-Aug'08 2008
GOVERNMENT BUDGET
Revenue 10,996.7 18,308.5 18,645.5
Spending 5,531.9 16,346.6 9,160.1
Net Transfers -5,049.2 6,294.5 7,128.5
deficit(-)/surplus(+) -75.8 +3,651.7 +1,636.8
CONSOLIDATED STATE BUDGET
Revenue 16,581.6 18,630.3 27,317.0
Spending 16,569.0 13,568.3 24,595.7
Net Transfers 0.0 0.0 0.0
- transfers to EU budget 491.4 -430.1 720.1
deficit(-)/surplus(+) -478.8 +4,631.9 +2,001.1

Finance Minister Simeon Dyankov has said that the centre-right government led by Prime Minister Boyko Borisov, which ousted from power a Socialist-led tripartite coalition in July, will aim for a balanced budget this year.

The country ended 2008 with a budget surplus equivalent to 3.0% of gross domestic product.

(1 euro = 1.95583 Bulgarian levs)

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