03.04.2017

Based on preliminary data and estimates the balance of the Consolidated Fiscal Programme (CFP) on a cash basis as of March 2017 is expected to be positive, amounting to BGN 1,062.5 million (1.1 % of the forecast GDP).

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

In March 2017, CFP revenues and grants are expected to be BGN 8,871.2 million (25.0 % of the annual estimates). Compared to the same period of the previous year, tax and non-tax revenues have grown by BGN 698.3 million, (9.0 %), while proceeds from grants were lower. Grants performance as compared to the annual estimates for 2017 is expected to be 14.2 %.  

The Consolidated Fiscal Programme expenditures, including the contribution of the Republic of Bulgaria to the EU budget, as of March 2017 are expected to amount to BGN 7,808.7 million, which is 21.2 % of the annual estimates. The expenditures for the same period of the previous year are to the amount of BGN 7,234.4 million. The growth as compared to the same period of the previous year is mostly due to the higher social security and health insurance payments, a baseline effect on expenditures on pensions from their increase as from July 2016, expenditures on subsidies and growth of insurance payments related to the higher insurance contribution for the Pensions for Persons under Article 69 Fund which increased by 20 percentage points as compared to 2016.

The part of Bulgaria's contribution to the EU budget, paid from the central budget as of 31.03.2017, amounts to BGN 213.7 million, which complies with the current legislation in the area of EU own resources - Council Decision 2014/335/EU, Euratom on the system of own resources of the European Union, Council Regulation (EU, Euratom) No 608/2014 of 26 May 2014 laying down implementing measures for the system of own resources of the European Union, and Council Regulation (EU, Euratom) No 609/2014 of 26 May 2014 on the methods and procedure for making available the traditional, VAT and GNI-based own resources and on the measures to meet cash requirements as amended by Council Regulation (EU, Euratom) No 2016/804 of 17 May 2016.

The statistics and the Information Bulletin on the Execution of the State Budget and the key Consolidated Fiscal Programme indicators based on the monthly data on cash execution of the budgets of first-level spending units will be published on the website of the Ministry of Finance at the end of April 2017.