Bulgaria recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2020. source: National Statistical Institute, Bulgaria

Government Budget in Bulgaria averaged -0.28 percent of GDP from 1997 until 2020, reaching an all time high of 2.10 percent of GDP in 2019 and a record low of -5.40 percent of GDP in 2014. This page provides - Bulgaria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Bulgaria is expected to reach -3.80 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Government Budget is projected to trend around -2.10 percent of GDP in 2022 and -1.60 percent of GDP in 2023, according to our econometric models.

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Bulgaria Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 2.10 2.10 -5.40 1997 - 2020 percent of GDP Yearly

Bulgaria Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.90 24.20 77.60 13.20 percent of GDP [+]
Government Budget -3.40 2.10 2.10 -5.40 percent of GDP [+]
Government Budget Value 695.48 260.51 3959.03 -3580.62 BGN Million [+]
Government Spending to GDP 42.90 36.30 43.70 30.40 percent of GDP [+]
Government Debt 29812.80 30068.90 30111.40 9234.80 BGN Million [+]
Credit Rating 61.00 [+]
Military Expenditure 1210.00 2159.00 3994.00 644.00 USD Million [+]
Government Revenues 4100.07 3872.12 4720.48 1274.30 BGN Million [+]
Government Spending 2095.57 2156.48 2808.72 1066.44 BGN Million [+]
Fiscal Expenditure 3996.00 3689.11 6978.87 1371.42 BGN Million [+]
Asylum Applications 270.00 230.00 3530.00 25.00 persons [+]


Bulgaria Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.