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Bulgaria: Budget Balance Negative
Politics ♦
Published: March 4, 2013; 10:18 ♦ (Vindobona)
The budget balance under the Consolidated Fiscal Programme (CFP) as of end-January 2013 is negative, amounting to BGN 536.5 million.
Bulgaria: Budget Balance Negative / Picture: © Vindobona.org
This is formed by a deficit under the national budget of BGN 456.9 million and under EU funds of BGN 79.5 million. For comparison the budget balance for January 2012 was negative to the amount of BGN 297.8 million, while for January 2011 the reported deficit was BGN 477.3 million.
The negative balance of the consolidated budget is mainly due to the high interest expenditure for…
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