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.
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)