Government spending

The Central Government budget posted a surplus of 144 billion Turkish Liras ($8.3 billion) in May, the Treasury and Finance Ministry said on June 15.

The institutional sector "State Government" reports a budget deficit of BGN 5.433 billion, which is 4.1% of Bulgaria's gross domestic product (GDP), according to preliminary data from the National Statistical Institute.

In 2022, the deficit was 4% of GDP, and in the last year before the start of the coronavirus pandemic (2019), a surplus of 2.1% of GDP was reported.

Ljubljana – Slovenia’s consolidated general government deficit, including those of the state budget, the health and pension funds and local government budgets, amounted to EUR 2.92 billion or 5.8% of GDP last year, roughly 1.8 percentage points less than a year before, according to the Finance Ministry. The decline in deficit was due to the growth in revenue outpacing the rise in expenditure.

Turkey's health and education spending increased in 2020 compared with the previous year, data from the Turkish Statistical Institute (TÜİK) have shown.

The country's total health expenditures amounted to 250 billion Turkish Liras (around $18.4 billion) last year, marking a 24.3 percent rise from 2019.

Ljubljana – The parliamentary Health Committee discussed the draft national budgets for 2022 and 2023 when the Health Ministry’s budgets will stand at EUR 683 million and almost EUR 524 million, respectively. The drop in funds in 2023 is largely a result of less funds envisaged for managing the Covid-19 epidemic.

"All the policies that we announced at the Thessaloniki International Fair for 2022 apply, but for other political initiatives that we would like to take, the budgetary margins to be taken are limited", said the Minister of Finance Christos Staikouras and explained that "as much as we are forced to help society, these 500 million euros - which were announced yesterday that will be given - are m

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit correction rate of approx. 1.5% of GDP to stabilize the debt at just over 50% of GDP by 2024, says the president of the Fiscal Council, Daniel Daianu.

The draft budget amendment weakens the budgetary consolidation as it was announced for 2021, the Fiscal Council said on Thursday night, in a release.

Prime Minister Florin Citu said on Thursday that the first task he set for the new Minister of Finance, Dan Vilceanu, is keeping the government deficit below 7.16% until the end of the year, adding that he will not accept tax increases during his tenure. "I've completed the handover of the ministerial portfolio after 45 days of being the interim finance minister.

The budgets of some ministries will get additional resources at the revision of the national budget, but proportional to a deficit of 7.16% or less, Prime Minister Florin Citu said on Monday. "Budget implementation will indicate whether or not we need to change something in the allocation of resources for budgets in order to keep the budget deficit target at the 7.16%.