30.09.2015

Based on preliminary data and estimates the balance of the Consolidated Fiscal Programme (CFP) as of 30.09.2015 is expected to be a surplus to the amount of BGN 627 million (0.7% of the forecasted GDP). For comparison, in the same period of the previous year CFP had a deficit in the amount of BGN 1,478.9 million (1.8% of GDP), which means that as a relative share of GDP the budget position has improved by 2.5 percentage points. The higher revenues and grants continue to be the main factors for the improved budget position as of end-September.

Key CFP parameters on the basis of preliminary data and estimates:

Revenues and grants under CFP as of 30.09.2015 are expected to be BGN 24,141.4 million (79.5% of the annual estimate), registering growth of 12.0% (BGN 2,585.0 million) as compared to the same period of 2014. The growth as compared to the previous year is mainly due to the higher tax and non-tax revenues as well as to the higher receipts in terms of grants (funds reimbursed by the European Commission) which increased by BGN 1,644.7 million and BGN 940.3 million, respectively.

On the basis of operational data and assessments the expenditures under the Consolidated Fiscal Programme (including the contribution of the Republic of Bulgaria to the EU budget) as of September 2015 amount to BGN 23,514.4 million, which is 71.6% of the annual plans. The expenditures for the same period of the previous year are to the amount of BGN 23,035.3 million.

The part of Bulgaria's contribution to the EU budget, paid as of end-September 2015 from the central budget, amounts to BGN 624.5 million, which complies with the current legislation on EU own resources, Council Decision 2007/436/EC, Euratom on the system of the Communities' own resources and Council Regulation No 1150/2000 as amended by Regulation No 2018/2004, Regulation № 105/2009 and Regulation № 1377/2014 implementing Decision 2007/436/EC.

The statistical data and the Information Bulletin on the execution of the state budget and the key indicators of the Consolidated Fiscal Programme based on data from the monthly reports on the cash performance of the budgets of the first-level spending units will be published on the website of the Ministry of Finance at the end of October 2015.