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Bulgaria: Budget Deficit Ahead
The January-October budget balance moves to negative territory (-0.1% of GDP), Raiffeisen Research says.
Bulgaria: Budget Deficit Ahead / Picture: © Vindobona.org
“In October the consolidated state budget ended with a more considerable deficit amounting to BGN 322.4m. It resulted from deficits of both the national budget and EU funds – respectively BGN 258.3m and BGN 64.1m. The cumulative budget balance for January-October also became negative: BGN -74.2m (0.1% of our 2012 GDP forecast), after being positive for five…
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