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Bulgaria c/a turns to deficit in May

Debt

Photo by Vitoria Holdings LLC/Shutterstock.com

Bulgaria posted a current account deficit of EUR 98.9 million in May, following a EUR 2.7 million surplus in the same month of the previous year, the central bank said on Monday.

The goods deficit widened markedly to EUR 334.0 million from EUR 57.2 million a year earlier; and the service surplus shrank to EUR 179.2 million from EUR 198.3 million.

Meanwhile, the primary income shortfall narrowed significantly to EUR 50.7 million from EUR 170.6 million, and the secondary income surplus increased sharply to EUR 106.5 million from EUR 32.2 million. 

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