Bulgaria’s budget deficit is expected to reach BGN 1.6bn as of end-August
03.09.2024
Source: Ministry of Finance; FFBH
The Ministry of Finance revealed the preliminary data for August 2024 budget balance. The institution anticipates a negative CFP balance of BGN 1.6bn (0.8% of GDP). Recall that the CFP balance on a cash basis as of end-July 2024 was negative, amounting to BGN 1bn. Jan-Aug 2024 revenues are to total BGN 46.5bn, while expenditures (including contribution to the EU budget) to reach BGN 48.1bn.