In January-August 2011 the country ran a consolidated budget deficit of some 731.1 million levs.
Following are details on budget revenue and spending through August (in millions of levs):
Jan-Aug'12 | Jan-Aug'11 | End-2011 | |
GOVERNMENT BUDGET | |||
Revenue | 11,677.1 | 10,598.9 | 16,221.7 |
Spending | 4,707.5 | 4,589.3 | 7,557.0 |
Net transfers | -5,907.6 | -5,357.1 | -9,704.0 |
deficit(-)/surplus(+) | 499.8 | 186.2 | -1,818.4 |
CONSOLIDATED STATE BUDGET | |||
Revenue | 17,806.3 | 16,241.8 | 25,378.0 |
Spending | 17,136.5 | 16,506.6 | 26,181.0 |
Net Transfers | 0.0 | 0.0 | 0.0 |
- transfers to EU budget | 562.2 | 466.3 | 779.2 |
deficit(-)/surplus(+) | 107.6 | -731.1 | -1,582.2 |
Bulgaria closed last year with a budget deficit of 1.58 billion levs, equivalent to 2.5% of the country's projected gross domestic product. The government plans to bring down the budget shortfall to 1.3% of GDP this year.
(1 euro = 1.95583 Bulgarian levs)