Bulgarian National Radio © 2020 All Rights Reserved

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

Burgas places second in Transformative Cities ranking

Bulgaria ’s coastal city of Burgas placed second in the current ranking of Transformative Cities initiative. Voting will continue until November 16. You can cast your vote at:  https://transformativecities.org/2020award/ .   Transformative cities..

published on 10/31/20 12:30 PM

Ekaterina Zaharieva: Skopje must acknowledge historical truth

If the Republic of North Macedonia acknowledges the Bulgarian roots of its nation and language, this would put an end to the tension in our relationship and to the likelihood that Bulgaria may veto the formal launch of the EU accession talks ,..

published on 10/31/20 11:00 AM
Professor Radka Argirova

One in four Bulgarians diagnosed with Covid-19 in past 20 days: virologist

One in four Bulgarians has been diagnosed with coronavirus infection in the past 20 days, virologist Professor Radka Argirova said for BNT. Many people with symptoms of Covid-19 do not undergo testing, Professor Argirova pointed out. In her view, not..

published on 10/31/20 9:44 AM