Bulgaria records 5.22B leva Budget deficit in January-August 2025
Bulgaria’s Finance Ministry has recorded a consolidated Budget deficit of 5.21 billion leva in the first eight months of the year, or 2.4 per cent of this year’s estimated gross domestic product, the ministry said on October 1.
The Budget balance was significantly worse off compared to the same period of 2024, when Bulgaria recorded a Budget deficit of 1.68 billion leva, although last year’s figure was helped by funds rolled over from the previous year’s budget.
The state Budget had a deficit of 3.4 billion leva in January-August, while the EU funds recorded a deficit of 1.82 billion leva, the ministry said.
Consolidated budget revenue in January-August was 52.66 billion leva, up 13.3 per cent year-on-year, mainly due to the increase in tax revenues, which rose by 14.9 per cent to 43.12 billion leva.
Spending was 57.88 billion leva, up from 48.17 billion leva in the same period of 2024, with the bulk of the increase going to higher pensions and other social spending, increased public sector salaries, as well as capital expenditures, the ministry said.
(Photo: Alessandro Paiva/sxc.hu)
Please support independent journalism by clicking on the button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:
