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Bulgaria’s budget surplus continues to increase

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According to forecasts, Bulgaria’s budget surplus will amount to EUR 1.66 billion, which is 3.7% of the country’s estimated gross domestic product. In the same period last year the budget surplus amounted to only EUR 314 million (0.7% of the GDP). In other words, Bulgaria’s budget surplus improved with 3% as compared to 2015. The revenues by end August are expected to reach EUR 23 billion, to 70% of the annual target. The state collected EUR 779 million more as compared to the same period last year due to higher taxable and non-taxable revenues which increased with EUR 871 year on year.




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