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Dec 29, 2017 17:06 EEST
December 29 (SeeNews) - Bulgaria's full-year 2017 consolidated budget is expected to show a surplus of 798.6 million levs ($489.6 million/408.3 million euro), or 0.8% of the projected 2017 gross domestic product (GDP), the finance ministry said on Friday.
Bulgaria's budget showed 1.5 billion levs surplus, equivalent to 1.6% of GDP, at the end of last year.
Consolidated budget revenue in 2017 is expected to come in at 35.24 billion levs, equal to 99.4% of the 2017 plan, the finance ministry said in a statement citing preliminary estimates.
Full-year expenditures under the consolidated 2017 budget are expected to total 34.4 billion levs at end-December. The forecast figure represents 93.7% of the full-year expenditure target.
In a separate statement, the ministry said that final figures for the January-November period showed a consolidated budget surplus of 2.39 billion levs, equivalent to 2.4% of the projected 2017 GDP. This compared to 3.47 billion levs surplus, or 3.8% of GDP, recorded in the same period of 2016.
Consolidated budget revenue amounted to 31.9 billion levs in the eleven months through November, while expenditure amounted to 26.78 billion levs.
Bulgaria's 2017 budget targets a deficit equivalent to 1.4% of the projected GDP, which is seen at 92.4 billion levs. The maximum amount of fresh borrowing which the government can make in 2017 is set at 1.2 billion levs.
(1 euro=1.95583 levs)
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