Bulgaria Reports Q1 Budget Deficit

Bulgaria Reports Q1 Budget Deficit

Business

Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported. This marks a year-on-year increase of BGN 1.08 billion (6.8%), largely driven by a 13.3% rise in tax revenues, which totaled BGN 13.63 billion and made up over 80% of total income, CE Report quotes BTA

Non-tax revenues remained steady at BGN 2.46 billion, while aid and donations declined slightly to BGN 749.9 million.

Total expenditures for the period were BGN 18.76 billion (19.4% of the yearly plan), resulting in a budget deficit of BGN 1.93 billion, or 0.9% of projected GDP. Additionally, Bulgaria recorded a BGN 449.1 million deficit in its EU funding accounts, in contrast to a surplus a year earlier, due to increased EU-funded spending and the absence of one-off reimbursements received in March 2024.

As of March 31, 2025, Bulgaria’s fiscal reserve stood at BGN 8.99 billion.

Tags

Related articles

Kozloduy Unit 6 Shut Down for Maintenance
Unit 6 of Bulgaria’s Kozloduy Nuclear Power Plant was shut down on Thursday for planned maintenance due to a heat carrier leak in the third steam generator, the plant’s press centre confirmed.
Energy Community Marks 20 Years
The informal ministerial council of the Energy Community celebrated its 20th anniversary on Thursday at Zappeion Hall in Athens.
Greece Posts €4.5B Budget Surplus in H1 2025
Greece’s state budget recorded a primary surplus of €4.5 billion in the first half of 2025, a significant jump from just €77 million in the same period last year, the Bank of Greece reported on Wednesday.
Bulgaria PM Seeks Clarity on Inflation Figures
Prime Minister Rosen Zhelyazkov has asked Finance Minister Temenuzhka Petkova to clarify recent inflation data at the start of Wednesday’s Council of Ministers meeting.
Greece Approves €290M in Strategic Investments
Development Minister Takis Theodorikakos chaired the fourth 2025 meeting of the Ministerial Committee for Strategic Investments on Tuesday.
Greece to Request €2.1B from EU Recovery Fund
Greece will submit its sixth request for €2.1 billion from the EU Recovery Fund on July 18, Alternate Finance Minister Nikos Papathanasis announced Tuesday.
Bitcoin Dips After Record High
Bitcoin fell 3.57% on Tuesday after reaching a record high above $123,000 the previous day. As of 1200 GMT, the price had dropped to around $117,300.
Bitcoin Hits New Record Above $123K
Bitcoin surged to a new all-time high of $123,000 early Monday, extending its rally for a fifth consecutive day.
Dan: Romania’s Deficit Measures Are Temporary
President Nicușor Dan said Monday that the government's deficit-cutting measures are only temporary.