Bulgaria Registers BGN 250 M Budget Surplus for First Quarter of 2015
According to preliminary data of Bulgaria's Finance Ministry, the country will register a budget surplus of BGN 250 M for the first quarter of the new year.
This will be the first surplus recorded in the first quarter of the year since 2009, the ministry's press service reports.
This is a significant improvement compared to the same period in 2014, when a deficit of BGN 874.7 M was registered.
The improvement is largely due to the higher revenues, with BGN 340 M worth of incomes registered by the revenue administration only in the last two days of March.
The revenues to the consolidated fiscal programme by the end of March are estimated to be BGN 7 780 M, which represents a nominal increase of 18.3 % compared to the same period in 2014.
The payments, which were restored by the European Commission under certain operational programmes, have also contributed to the improvement.
The expenses under the consolidated fiscal programme by the end of March are projected to be BGN 7 530 M, which is close to the value, which was registered in the same period last year.
- » Bulgaria’s Q4 Household Spending Rises 13%
- » UK to Seek EU Mutual Recognition Deal For Financial Services
- » Bitcoin is Currently over $10,000
- » The EU Economy with the Fastest Growth since 2007
- » Bulgaria's GDP Increases by 3.6% Per Year
- » Turkey Ranks for the 1st Time Among the top 10 Countries in the World with the Largest Reserves of Gold
When corruption defeats "What happened to the old Bulgarian SOCIAL DEFINITIONS which means DIGNITY and QUALITY OF LIFE?"
This leads to Social Unrest.
We are missing a Bulgarian Leader that puts obligations and moral as a frontrunner for Dignity and defines "We the People".
Look closely at our Bulgarian Heritage in Brazil, this is a lesson to be learned.