Bulgaria's budget surplus has shrunk by half

Photo: library

According to the Ministry of Finance, Bulgaria's budget surplus has shrunk to 600 million euros by the end of August. A month before that, the Treasury's surplus was above 1.5 billion euros, but sharply decreased after the deal for purchasing F-16 fighters. The ministry expects the budget surplus to exceed 600 million euros in September. Usually, in the last months of the year, government spending increases. After being updated twice in 2019, an annual deficit of 2% of GDP is now envisages, which equals over 1 billion euros.

More from category

Russian shareholders withdraw from Bulgarian telecom Vivacom

Russian investment bank VTB Capital, which is a British subsidiary of the VTB Group, is leaving the board of shareholders of Bulgarian telecommunications company Vivacom, it was reported. The decision was made after the sale of the Bulgarian operator to..

published on 11/11/19 7:09 PM

Concessionaire needed for construction of highway from Ruse to Makaza

German, Spanish, French, Italian and Greek companies are among the expected concessionaires for the construction of a new Danube-Aegean motorway, said Rumen Markov, manager of Large Infrastructure Projects. Bulgarian companies do not meet the..

published on 11/11/19 6:38 PM

Bulgarians are not acquainted with principles of market economy

Bulgarians have been  getting used to capitalism but do not accept huge social stratification. Market relations are supported, but when it comes to specific figures, respondents remain skeptical, results of a study by Gallup International and the..

published on 11/11/19 5:54 PM