September 2 (SeeNews) - Bulgaria turned to a consolidated budget gap of 386.4 million levs ($280.9 million/197.6 million euro) in the first seven months of 2009 compared to a consolidated budget surplus of 4.2 billion levs a year earlier, data of the Finance Ministry showed.
Following are details of budget revenue and spending (in millions of levs):
|
Jan-July'09 |
Jan-July'08 |
2008 |
GOVERNMENT BUDGET |
|
|
|
Revenue |
9,789.4 |
11,283.5 |
18,645.5 |
Spending |
5,057.7 |
4,174.1 |
9,160.1 |
Net Transfers |
-4,344.1 |
3,448.5 |
7,128.5 |
deficit(-)/surplus(+) |
-49.5 |
+3,269.1 |
+1,636.8 |
CONSOLIDATED STATE BUDGET |
|
|
|
Revenue |
14,751.4 |
16,442.4 |
27,317.0 |
Spending |
14,700.7 |
11,831.5 |
24,595.7 |
Net Transfers |
0.0 |
0.0 |
0.0 |
- transfers to EU budget |
437.1 |
-391.8 |
720.1 |
deficit(-)/surplus(+) |
-386.4 |
+4,219.1 |
+2,001.1 |
The right-of-centre government headed by Boyko Borisov that took office after the July 5 elections will aim for a balanced budget this year, Finance Minister Simeon Dyankov has said.
The country had a budget surplus equivalent to 3.0% of gross domestic product last year.
(1 euro = 1.95583 Bulgarian levs)