Macro Analysis /

Bulgaria: Government budget posts BGN 115.4mn surplus in Jan-Apr

    30 April 2021
    • Surplus due to one-off BGN 660mn Sofia Airport concession fee revenue
    • Finance ministry says stronger y/y expenditure in Jan-Apr due to anti-pandemic measures, higher public wages and pensions
    • We expect next cabinet after snap elections in July to have to resort to strong borrowing to cover budget deficit