Bulgaria consolidated fiscal position with first surplus in 5 years

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Bulgaria

Bulgaria

News

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