Bulgaria Budget surplus at 63.9M leva in January-October 2015

Bulgaria Budget surplus at 63.9M leva in January-October 2015

Sofia, December 2, 2015/Independent Balkan News Agency

Bulgaria’s Finance Ministry said that the consolidated Budget surplus in the first 10 months of 2015 came in at 63.9 million leva, or 0.1 per cent of the forecast gross domestic product (GDP), an improvement of 2.2 per cent of GDP compared to the same period of last year, when the consolidated Budget showed a deficit of 1.76 billion leva.

However, October marked the first of three months of intense spending by the Cabinet, which will push the full-year deficit to about three per cent of GDP. After recording a deficit of about 563 million leva in October, the Finance Ministry forecast a further 521 million leva deficit in the month of November, which will push the figure for year so far to a deficit of 457 million leva.