Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Budget Balance Turns Positive in Jan-May 2012
Date: 26/06/2012
Bulgaria's Budget Balance Turns Positive in Jan-May 2012

Bulgaria's state budget has come to a positive balance for the first five months of 2012, after May became the second month in a row to register monthly budget surplus, the Bulgarian Finance Ministry announced Tuesday.

According to preliminary data, Bulgaria had a positive monthly budget balance in May 2012 amounting to BGN 284.4 M.

Thus, Bulgaria's budget balance for January-May 2012 has already reached a surplus of BGN 67.4 M, after a monthly surplus of BGN 473.8 M in April 2012.

The five-month surplus of BGN 67.4 M results from a national budget surplus of BGN 334.5 M and a EU funds deficit of BGN 267.0 M, the Finance Ministry said.

Compared to the same period of last year, Bulgaria's consolidated financial framework has improved by BGN 665 M (0.8 % of GDP), which is mostly on account of the national budget balance being improved by BGN 802.5 M (1.0 % of GDP), while the EU funds deficit has grown by BGN 137.6 M (0.2 % GDP).

"This improvement in the budget stance against last year is entirely due to the better performance of the revenue side of the budget. There is a nominal revenue growth of 3.3 % related to the increased costs under EU programs, while national budget expenditure contract by BGN 39.9 M (0.04 %)," the Ministry explained.

Bulgaria's fiscal reserve amounts to BGN 5.0 billion as of 31 May 2012.

Topic: Financial

Featured District
Invest Bulgaria Charts
Net Domestic Assets of Bulgaria
Net Domestic Assets of Bulgaria

Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

See all charts
Did You Know?
Vitosha National Park
Vitosha National Park
Vitosha National Park, located right next to Sofia, offers endless options for recreation ... More

Silistra is a lovely, tranquil and picturesque city on the bank terraces where the river leaves Bulgarian territory.The hills afford a lovely view of the city, the river with the islands, the Romanian bank across and the vast Wallachian plain beyond. This small area is a horn of plenty. It is Bulgaria's biggest apricot orchard.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members