Bulgaria's Jan-Aug Cons Budget Deficit Falls to 373.9 Mln Euro

The eight-months deficit is equivalent to 1.0% of the gross domestic product (GDP) projected for 2011, the ministry said in a statement released on Sunday.

In the January-August period of 2010 the gap was equivalent to 2.2% of the GDP projected for last year.

Following are details of the January-August budget revenue and spending released by the finance ministry (in millions of levs):

Bulgaria closed last year with a budget deficit of 2.8 billion levs, equivalent to 3.9% of the projected GDP. The government plans to bring down its budget shortfall to 2.5% of GDP this year.

(1 euro = 1.95583 Bulgarian levs)