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 May 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 23.50 23.20 77.60 13.20 percent [+]
Government Budget -3.40 2.10 2.10 -5.40 percent of GDP [+]
Government Budget Value -718.07 -576.57 3959.03 -3580.62 BGN Million [+]
Government Spending to GDP 36.30 34.80 43.20 30.60 percent [+]
Government Debt 29208.30 28935.20 29208.30 9234.80 BGN Million [+]
Asylum Applications 405.00 250.00 3530.00 25.00 persons [+]
Government Revenues 3564.52 3226.38 4305.69 1274.30 BGN Million [+]
Government Spending 2808.72 2061.71 2808.72 1066.44 BGN Million [+]
Fiscal Expenditure 4339.47 3763.00 6978.87 1371.42 BGN Million [+]
Credit Rating 61.00 [+]
Military Expenditure 2187.00 961.00 4083.00 659.00 USD Million [+]


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.