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Bulgaria's minfin sees budget surplus at 51 mln euro at end-May

Jun 4, 2024, 10:34:33 AMArticle by Mihaela Miteva
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June 4 (SeeNews) - Bulgaria's consolidated budget is expected to be in surplus of 100 million levs ($55.4 million/51.1 million euro) for the first five months of 2024, the finance ministry said.

Bulgaria's minfin sees budget surplus at 51 mln euro at end-May
Budget, finance

In January-May 2023, Bulgaria's consolidated budget was in deficit of 1.18 billion levs.

Consolidated budget expenditure is seen at some 28.1 billion levs as of the end of May, up from 26.1 billion levs a year earlier, the ministry said in a statement on Monday, quoting preliminary data. The rise is mainly due to increases in pension payments and personnel costs.

Consolidated budget revenue is expected to have added 13.3% on the year to 28.2 billion levs in the review period. The projected increase is driven by higher tax and non-tax revenue, as well as grants and donations.

The country's consolidated budget was in surplus of 596.6 million levs at the end of April, equivalent to 0.3% of the forecast gross domestic product (GDP) for 2024.

(1 euro = 1.95583 levs)

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