Bulgaria’s budget deficit is expected to reach BGN 2.8bn as of end-September

02.10.2024 Source: Ministry of Finance; FFBH

The Ministry of Finance revealed the preliminary data for September 2024 budget balance. The institution anticipates a negative CFP balance of BGN 2.8bn (1.4% of GDP). The budget framework indicates BGN 6.2m deficit for the year. Recall that the CFP balance on a cash basis as of end-August 2024 was negative, amounting to BGN 1.7bn. Jan-Sep 2024 revenues are to total BGN 52.1bn, while expenditures (including contribution to the EU budget) to reach BGN 54.9bn.