Bulgaria records 4.28B leva Budget deficit in January-July 2025
Bulgaria’s Finance Ministry has recorded a consolidated Budget deficit of 4.28 billion leva in the first seven months of the year, or two per cent of this year’s estimated gross domestic product, the ministry said on September 1.
The Budget balance was significantly worse off compared to the same period of 2024, when Bulgaria recorded a Budget deficit of 972.1 million 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 2.78 billion leva in January-July, while the EU funds recorded a deficit of 1.5 billion leva, the ministry said.
Consolidated budget revenue in January-July was 46.36 billion leva, up 13.5 per cent year-on-year, mainly due to the increase in tax revenues, which rose by 16.7 per cent to 37.79 billion leva, the ministry said.
Spending was 50.64 billion leva, up from 41.82 billion leva in the same period of 2024, with the bulk of the increase going to higher pensions and other social spending, as well as capital expenditures.
(Photo: Alessandro Paiva/sxc.hu)
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