Bulgaria with BGN 73,6 M Budget Deficit in September 2009
Finance | October 30, 2009, Friday
The government of PM Borisov and Finance Minister Djankov has managed to reduce the monthly budget deficit. However, for the first 9 months of 2009 Bulgaria has a total defict of BGN 552,3 M. Photo by BGNES
Bulgaria’s monthly budget deficit in September 2009 amounted to BGN 73,6 M, according to final data of the Finance Ministry released Friday.
This is BGN 18,7 M fewer than the monthly deficit for August 2009. Yet, despite the month-on-month decrease, Bulgaria’s total state budget deficit for the first nine months of 2009 is BGN 552,3 M.
The state expenditures under the consolidated fiscal framework (which includes the state budget and the National Social Security Institute) were BGN 19,077 B in the first three quarters of 2009. This includes Bulgaria’s payment to the joint EU budget paid in September 2009 amounting to BGN 532,4 M.
The above-mentioned sum is almost 62,8% of the planned state expenditures for 2009.
Bulgaria’s total state revenue in the first three quarter of 2009 amounted to BGN 18,525 B, which is 56,9% of the planned state revenue according to the 2009 State Budget Act. This sum is 88% of Bulgaria’s state revenue in the first nine months of 2008.
Of those, BGN 14,868 B come from taxes, BGN 2,611 B are non-tax revenue, and BGN 1,046 B are from EU funds.
Tags: budget deficit, state budget, deficit, state revenue, expenditure, tax
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