July 1 (SeeNews) - Bulgaria's finance ministry said that it expects the consolidated budget to show a surplus of 3.20 billion levs ($1.85 billion/1.64 billion euro) at the end of June, equivalent to 2.8% of the projected 2019 gross domestic product (GDP).
Consolidated budget revenues are expected to be 3.06 billion levs higher on the year at 22.27 billion levs at the end of June, or 50.8% of the full-year plan, the ministry said in a statement on Friday.
Consolidated budget expenditures at the end of June are projected to be equal to 42.9% of the full-year plan, or 19.08 billion levs. At the end of June 2018, the country's budget surplus amounted to 17.50 billion levs.
In a separate statement on Friday the finance ministry said that country's consolidated budget showed a surplus of 3.03 billion levs at the end of May, equivalent to 2.6% of the projected GDP.
Bulgaria's 2019 budget targets a deficit equivalent to 0.5% of the projected GDP, which is expected to grow by a real 3.7% to 116.4 billion levs.
Last month, prime minister Boyko Borissov said that Bulgaria may need to revise its budget to finance a deal with the U.S. for the delivery of eight F-16 fighter jets. The U.S. offer for the delivery of eight F-16 Block 70 fighter jets is worth about 2.2 billion levs, according to Borissov.
(1 euro = 1.95583 levs)