02.12.2013

The budget balanceunder the Consolidated Fiscal Programme (CFP) as of 31 October 2013 is negative, amounting to BGN 443.0 million and is formed by a deficit under the national budget of BGN 204.4 million and a deficit under EU funds of BGN 238.6 million.

 Consolidated revenues and grants under CFP as of 30 October 2013 stand at BGN 23,751.3 million, or 78.2% of the annual plans for 2013 under the State Budget Law. Compared to 2012, CFP proceeds and grants report a nominal growth by 7.3% (BGN 1,623.9 million) as of October 2013.

At end-October 2013 tax proceeds, including revenues from social security contributions, total BGN 18,470.6 million, which is 80.8% of the 2013 plans.

Revenues from direct taxes amount to BGN 3,150.1 million as of end-October 2013, or 77.8% of the plans for the year. Revenues from indirect taxes amount to BGN 9,619.9 million, or 80.7% of the annual plans for 2013. VAT revenues amount to BGN 6,105.3 million, or 79.8% of the annual plans; excise duty revenues of BGN 3,370.4 million (81.9% of the annual plans), customs duty revenues of BGN 124.3 million (103.6% of the annual plans) and insurance premium tax of BGN 19.9 million (70.8% of the annual plans). Proceeds from other taxes, including property taxes and other taxes under the Corporate Income Tax Law, amount to BGN 698,5 million, or 86,3% of the plans for 2013. Revenues from social security and health insurance contributions as of 31/10/2013 are BGN 5,002.1 million, or 82.4% of those planned for the year.

Non-tax revenues and grant revenues amount to BGN 5,280.6 million, or 70.1% of those planned for the year. This is a 22.3% growth compared to the same period of 2012.

    The expenditures under the consolidated budget, including the contribution of the Republic of Bulgaria to the EU budget, as of 31/10/2013 amount to BGN 24,194.2 million, which is 75.7% of the annual plans. Compared to the seven months of 2012, CFP expenditures have increased by BGN 1,992.7 million, or by 9.0%. Compared to the same period of last year, there is a growth in social and health insurance payments, interest expenditure, capital expenditure, maintenance expenditure, expenditure on the part of Bulgaria's contribution to the EU, etc.

     Non-interest current expenditures amount to BGN 19,953.5 million, capital expenditures amount to BGN 2,790.9 million, while interest payments - to BGN 660.0 million.

     The part of Bulgaria's contribution to the EU budget, as paid as of 31 October 2013 from the central budget, amounts to BGN 789.9 million, which complies with Council Regulation 1150/2000 of 22 May 2000 implementing Decision 94/728/EC, Euratom on the system of the Communities' own resources.

     Fiscal reserve as of 31/10/2013 amounts toBGN 4.9 billion.

 Data on consolidated budget implementation as of 31 October 2013 are published on the website of the Ministry of Finance in Statistics section. The statistical data are accompanied by an Information Bulletin on the Execution of the Consolidated Budget which presents a short analysis of the performance of the key budget parameters on a consolidated level and by constituent budgets.