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text sizeBulgaria's Budget Gap Shrinks by BGN 622 M in 2011
According to information of the national statistical institute confirmed by the EU pollster Eurostat Bulgaria's budget gap shrank by 622 million levs in 2011. The deficit in the sector of public management reached 1.57 billion levs in 2011, while a year earlier it was 2.19 billion levs.
Last year, the budget deficit amounted to 2.1% of the country's GDP. While a year earlier it was 3.1%.
The team of finance minister Simeon Djankov is planning to reduce the budget deficit to 1.1 billion levs in 2013.
If everything goes well, the state's books will be perfectly balanced by 2015, which is a sign of economic recovery.
Last year, the budget deficit amounted to 2.1% of the country's GDP. While a year earlier it was 3.1%.
The team of finance minister Simeon Djankov is planning to reduce the budget deficit to 1.1 billion levs in 2013.
If everything goes well, the state's books will be perfectly balanced by 2015, which is a sign of economic recovery.
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