Bulgaria Registers BGN 128 M Budget Deficit in Jan-Nov 2012

Business » FINANCE | December 10, 2012, Monday // 17:53| Views: 1174 | Comments: 0
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Bulgaria: Bulgaria Registers BGN 128 M Budget Deficit in Jan-Nov 2012 File photo of the Bulgarian Finance Ministry building

Bulgaria's state budget has accrued a budget deficit of BGN 128 M in the first eleven months of 2012, according to preliminary data of the Finance Ministry released Monday.

In November 2012 alone, Bulgaria's government saw a monthly deficit of BGN 54 M, the data indicates.

Thus, Bulgaria's budgetary position is worsening as in October 2012 it had a ten-month deficit of only BGN 74 M, while in September 2012 the Bulgarian budget enjoyed a surplus of BGN 250 M for the first nine months of the year.

As of November 30, 2012, Bulgaria's fiscal reserve amounted to BGN 6.8 B, up by BGN 200 M compared with October but still worse than the BGN 7.2 B fiscal reserve in September.

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Tags: budget, state budget, Finance Ministry, budget deficit, fiscal reserve
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