December 1 (SeeNews) - Bulgaria's consolidated budget showed a deficit of 545.7 million levs ($420.6 million/279 million euro) through October, Finance Ministry data showed late on Monday.
This compares with a consolidated budget surplus of some 5.039 billion levs in the first ten months of 2008.
Details follow (in millions of levs):
|
Jan-Oct'09 |
Jan-Oct'08 |
2008 |
GOVERNMENT BUDGET |
|
|
|
Revenue |
13,632.2 |
15,902.1 |
18,645.5 |
Spending |
6,505.5 |
5,466.0 |
9,160.1 |
Net Transfers |
-6,270.3 |
-5,123.5 |
7,128.5 |
deficit(-)/surplus(+) |
+237.7 |
+4,218.1 |
+1,636.8 |
CONSOLIDATED STATE BUDGET |
|
|
|
Revenue |
20,542.7 |
23,067 |
27,317.0 |
Spending |
20,469.7 |
18,027.6 |
24,595.7 |
Net Transfers |
0.0 |
0.0 |
0.0 |
- transfers to EU budget |
618.8 |
577.0 |
720.1 |
deficit(-)/surplus(+) |
-545.7 |
+5,039.4 |
+2,001.1 |
Finance Minister Simeon Dyankov has said that the centre-right government led by Prime Minister Boyko Borisov, which ousted from power a Socialist-led tripartite coalition in July, will aim for a balanced budget or a budget gap equivalent to some 0.5% of the projected gross domestic product (GDP) this year.
The country ended 2008 with a budget surplus equivalent to 3.0% of GDP.
(1 euro = 1.95583 Bulgarian levs)