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Bulgaria's Budget Deficit Down H1 2011 Y/Y
BULGARIA'S BUDGET DEFICIT DOWN H1 2011 Y/Y
Date: 01/08/2011
Source: novinite.com
Bulgaria's Budget Deficit Down H1 2011 Y/Y

The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP.

In 2010, the budget deficit at the end of June, accumulated during the first six months of the year, has been BGN 1.5 B, or 2.2% from the Gross Domestic Product, GDP.

The Ministry, which is in charge of the monthly budget bulletin, further reports a BGN 53 M deficit for June.

The data is from the consolidated fiscal program, which includes the national budget (the cabinet funds, those of the National Health Insurance Funds, NZOK, the National Social Security Institute, NOI, and the funds of local municipalities) and the absorption of the EU funds.

The national budget deficit is BGN 455 M, the EU funds one – BGN 196 M.


Topic: Financial



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Hristo Stoichkov
Hristo Stoichkov
Hristo Stoichkov scored 6 goals in the World Cup of 1994 and led Bulgaria to the semi-finals ... More

Sofia Subway was launched in January 1998 and is the first and only network of this kind in Bulgaria. The largest streams of passengers now are reaching up to 40,000 people during rush hour. After the completion of the subway system, it will have 47 stations and capacity of more than 1,000,000 passengers per day.

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