Bulgaria's Fiscal Reserve Jumps to BGN 5.3 B

Finance | May 27, 2013, Monday // 12:42|  views

Bulgaria has close to BGN 6 B in fiscal reserve in May 2013, file photo

Bulgaria's fiscal reserve has reached BGN 5.3 in May 2013, compared to BGN 4.9 B in May 2012.

The data comes from the Central bank, BNB.

In addition, the Cabinet has about BGN 300-500 M in commercial banks, meaning the fiscal reserve at the end of May is BGN 6 B.

However, there are pending payments for the issuing of State securities and to farmers - BGN 800 M is needed for them in awaiting EU financing.

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Tags: fiscal reserve, Central Bank, payments


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