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Oct 01, 2019 09:32 EEST
October 1 (SeeNews) - Bulgaria's finance ministry said that it expects the consolidated budget to show a surplus of 1.27 billion levs ($707 million/649 million euro) at the end of September, equivalent to 1.1% of the projected 2019 gross domestic product (GDP).
Consolidated budget revenue is expected to be 3.65 billion levs higher on the year at 32.81 billion levs at the end of September, or 74.8% of the full-year plan, the ministry said in a statement on Monday.
Consolidated budget expenditures at the end of September are projected to be equal to 68.1% of the full-year plan, or 31.54 billion levs. At the end of September 2018, the country's budget expenditures amounted to 26.50 billion levs.
In a separate statement on Monday, the finance ministry said that country's consolidated budget showed a surplus of 1.11 billion levs at the end of August, equivalent to 1.0% of the projected GDP.
In July, Bulgaria's parliament approved a 1.829 billion levs increase in the deficit targeted by the 2019 budget, to 2.228 billion levs. The change reflects a $1.256 billion deal with the US for purchase of eight F-16 fighter jets, and a cut in planned expenses for other projects for modernisation of the capabilities of Bulgaria's armed forces
(1 euro = 1.95583 levs)
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