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Satisfying Fiscal Situation in Bulgaria

Published: February 11, 2013; 15:03 · (Vindobona)

The 2012 budget deficit stands much lower than planned: 0.5% of GDP. Public debt falls after Eurobond repayment in January 2013, Raiffeisen Research analyzes.

Satisfying Fiscal Situation in Bulgaria / Picture: © Flickr

“The Ministry of Finance announced that the deficit of the consolidated fiscal programme was BGN 244.9 mn. Under the national budget the deficit totalled BGN 802.9 mn but at the same time an EU funds surplus of BGN 557.9 mn was registered. With those developments in December the cumulative budget deficit for 2012 reached BGN 350.2 mn. As a share of GDP, the balance…

This article includes a total of 912 words.

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