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Bulgaria Turns to 197.6 Mln Euro Budget Gap in Jan-July - Table

Sep 2, 2009, 5:59:04 PMArticle by Iva Doneva
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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.

Bulgaria Turns to 197.6 Mln Euro Budget Gap in Jan-July - Table

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)

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