Call
Send Email
Messenger
WhatsApp
Bulgaria's Budget Deficit Down 46% in Q1-Q3 2011
Bulgaria's budget deficit has declined by 46% in the first three quarters of 2011 year-on-year, according to latest data of the Finance Ministry.
Thus, in January-September 2011 Bulgaria accrued a deficit of BGN 826 M compared with BGN 1.51 B (a decline of BGN 692 M) in the same period of 2010.
In the first three-quarters of the current year, Bulgaria's national budget has accrued a deficit of BGN 483 M, while Bulgaria's EU transactions deficit (i.e. the country's contribution to the EU budget minus the absorbed EU funds) amounts to BGN 387.7 M.
In September alone, Bulgaria's monthly budget deficit was BGN 94.9 M, which is an increase compared with the BGN 11 M of deficit in August as well as with the BGN 18.9 M surplus in September 2010.
Bulgaria's state budget income as of September 30, 2011, amounted to BGN 18.35 B, or 70.0% of the annual projection, which is a 5.7% increase (BGN 997.7 M more) than the state income for the first nine months of 2010.
The Finance Ministry points out that the growth in state revenues is the result of higher income from indirect taxes, which grew by 12.7%, or BGN 865.1 M, compared with the same period of last year.
Bulgaria's total tax revenues, including social security and insurance payments, in the first nine months of 2011 amounted to BGN 15.08 B, or 82.2% of the total state income under the so called Consolidated Fiscal Framework. This is 72.9% of the projection for 2011 compared with 70.6% of the projection reach at the end of September 2010.
View our DISCOUNTED PROPERTIES for sale and rent
Read more news
More News
Bulgaria has been ranked 12th among 192 countries in the Rumavi Global Relocation Index 2026, reinforcing its position as an increasingly attractive destination for living, working, retiring and investing in property.
Bulgaria has achieved an impressive 12th place in the global Best Countries to Live in 2026 ranking, compiled as part of the Rumavi Global Relocation Ind...
Summer is in full swing, and the property market continues to prove that the right listings make all the difference! ☀🏡
July brought important market data and sparked wide discussion about the future direction of transaction volumes and property prices. The market is entering a more balanced phase, buyers are becoming more cautious, and their choices are increasingly s...
This partnership combines the ambitious vision of OKOL Lake Park with BULGARIAN PROPERTIES’ many years of experience and international client network.
We are pleased to announce that BULGARIAN PROPERTIES has become a partner of OKOL Lake Park for the sale of apartments in the complex.
This new partnership brings together one of the most impressive new re...
According to industry data, the number of real estate transactions in Bulgaria has decreased by between 15 and 20% nationwide, but this has not led to a drop in prices. On the contrary—they have risen by about 25% year-over-year, Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, noted on “Good Morning, Europe.” According to her, buyers’ interest is increasingly focused on larger ho...
