Bulgaria consolidated fiscal position with first surplus in 5 years



Bulgarian consolidated fiscal position in Q1 2015 with first surplus in five years, according to the Finance Ministry’s preliminary data.

The surplus in March totaled BGN 250 mln. (0.3% of the projected GDP) thanks to better revenue collection and more money received from the EU structural funds.

For comparison, the balance as of March 2014 was a deficit of BGN 874.7 million, or 1.1% of GDP, which means we see improvement with 1.4% of GDP.

Get all the details about macro trends for Bulgaria from our Macroeconomic and Market Outlook 2015 .

News release from Ministry of Finance