The surplus of the state budget in the first eight months was achieved at the level of EUR 196 million or 3.2 percent of the gross domestic product (GDP), the latest data from the Ministry of Finance showed.
The Ministry announced that over 190 million EUR, or over 260 million EUR, including gold reserves, were available on state deposits at the end of August, and that positive revenue collection trends were also evident during August.
According to the Ministry’s preliminary data on budget execution for August, it is stated that budget revenues in August amounted to EUR 242 million, which is EUR 49 million or 25 percent higher than in the same month of the previous year.
“Compared to the plan for August, budget revenues are above the plan by EUR 40 million or 20 percent,” the announcement states.
On the other hand, according to preliminary data on spending, in August the budget was implemented at the level of EUR 198 million, which represents 95 percent of the plan. A better implementation of the capital budget was recorded, which was realized at the level of EUR 22.3 million, which represents 115 percent of the plan, while the current spending on the new one is EUR 175 million, or 94 percent of the plan.
The Ministry’s data showed that in the first seven months, taking into account the realization of income and expenditure, a budget surplus was achieved in the amount of EUR 151.5 million or 2.5 percent of the estimated GDP.
The Ministry announced that in July the budgetary deficit was realized in the amount of EUR 16.3 million.
According to the data of the Ministry, budget revenues in the period January – July amounted to EUR 1.44 billion or 23.4 percent of the estimated GDP and were EUR 256.7 million or 21.6 percent higher than planned, while compared to the comparative the period last year was 363.9 million EUR or 33.7 percent higher.
Revenues based on VAT by the end of July were collected in the amount of EUR 568.3 million, which is EUR 46.4 million or 8.9 percent higher than planned and EUR 83.3 million or 17.2 percent higher than to the same period last year.
