The Budget Deficit Reached 2.8% at the End of September
5 Articles
5 Articles
The budget deficit reached 2.8% of gross domestic product at the end of September. The negative balance is 3.7 billion euros, the Ministry of Finance announced. The implementation of revenues and expenditures lags behind the initially set annual estimates. Revenues amounted to 33.8 billion euros, or 68.3% of the funds planned for the year. They are 10.9% more than in the same period of the previous year. Expenditures are 37.6 billion euros, whic…
The budget deficit at the end of October was 5.2 billion euros or 4% of the estimated GDP. This is according to preliminary data from the Ministry of Finance. For the month, the deficit increased by 1.2 percentage points, in September it was 2.8% of GDP....
Based on preliminary data and estimates, the budget balance under the consolidated fiscal program (CFP) is expected to be negative at the end of October in the amount of EUR 5.2 billion (4 percent of the estimated GDP), the Ministry of Finance announced. On a monthly basis for October, the CFP deficit increased by 1.2 percentage points compared to the deficit […]
In just one month, the budget deficit has jumped from 2.8% to 4%. This is shown by the revenue and expenditure data as of the end of October.
The Finance Ministry expects the negative balance to reach 5.2 billion euros by the end of October, or 4% of GDP.
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