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
Dear friends and partners,
We sincerely thank you for the trust you have placed in us throughout 2025! 🙏
Thank you for choosing us to help you realize your important decisions - whether it was selling a property, buying a new home, or investing in the future.
🏡 It has been a privilege for us to be by your side - with every contract signe...
Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on Ja...
We’re wrapping up the year with confidence, professionalism, and a new era of real estate technology!
November shaped the final picture of 2025 – a strong, dynamic month with an active property market preparing for the euro and an important innovation: we launched our smart AI property search, now helping buyers and sellers connect more easily than ever!
Try it here.
...
Are you tired of searching the old way? Try something new on our website!
BULGARIAN PROPERTIES announces the launch of a revolutionary new feature on its website —an AI search engine with natural language processing that allows users to search for properties by describing what they need in words.
It understands the meaning of what is written and returns the most accu...
