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Bulgaria's Budget Deficit Shrinks by 1.5 %

Date: 22.06.2011

Against the recently-introduced safety threshold of the EU, Bulgaria's budget deficit for 2010 has shrunk by 1.5 % year-on-year. This is provided in the report on the implementation of the state budget that will be discussed by the council of Ministers today. In 2010, the government met the fiscal safety requirement to keep the budget deficit below 3.8 % of the country's GDP.

The revenues and benefits under the Consolidated Fiscal Program for 2010 amount to 23.9 billion levs or 97.5 % of what was provided for the year, while the expenses amount to 26.7 billion levs or 95.8% of the annual budget plan.

The budget deficit for 2010 in 2.822 billion levs or four percent of the country's GDP.

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