Macro Analysis /

Bulgaria: Budget surplus narrows by 57.6% y/y to BGN 731.0mn in Jan-Jul

    2 August 2021
    • Budget surplus accounts for 0.6% of GDP compared to 3.9% of GDP budget deficit target
    • Caretaker cabinet has prepared budget update, to reduce deficit to 3.6% of GDP
    • Revenue collection improves, expenditure rises by stronger pace, though, over higher wages, pensions and anti-crisis support measures