Bulgarian National Stats Report 2% 2011 Budget DeficitFinance | October 22, 2012, Monday // 12:53| views
Accodring to NSI, the deficit of Bulgaria's General Government Sector in 2011 amounted to BGN 1 535 M. File photo
The deficit of Bulgaria's General Government Sector in 2011 amounted to BGN 1 535 M or 2.0% of the Gross Domestic Product, GDP.
This final data of the National Statistical Institute (NSI), approved by the Eurostat with no reservations, was released Monday.
By sub-sectors of the General Government Sector, the deficit in the Central Government amounted to BGN 1 702 M or 2.3% of GDP and in Local Government – to BGN 19 M.
The Social Security Funds sub-sector reported a surplus of BGN 186 M or 0.2% from GDP.
The Government Debt of Bulgaria for 2011 is BGN 12 290 M or 16.3% of GDP.
The statistical information on the activities of General Government Sector including debt, deficit and surplus is elaborated according to the harmonized EU methodology.
The difference between preliminary and final data (BGN 40.4 M) is due to receiving final data on: revenues from taxes; annual reports on the activity of the state hospitals and public corporations, classified in General Government Sector and final data from the trial balances of the budget spending units and municipalities.
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