The finances is in surplus by over BGN 0.5 billion, the fiscal reserve is over BGN 11 billion. – 2024-06-02 04:01:29

by times news cr

2024-06-02 04:01:29

The stability of the consolidated fiscal program on a money foundation as of April 2024 is constructive within the quantity of BGN 596.6 million or 0.3% of the estimated GDP, the Ministry of Finance introduced some time in the past.

The dimensions of the fiscal reserve as of 04/30/2024 is BGN 11,806.4 million, together with BGN 10,126.3 million deposits of the fiscal reserve within the BNB and banks and BGN 1,680.1 million. receivables from the European Union funds for licensed bills, advances and others.

On the finish of April, the state finances obtained revenues with a one-time impact for the yr within the quantity of BGN 660 million from the contribution from the Bulgarian Nationwide Financial institution, which is fashioned by the surplus of revenues over expenditures for the yr 2023.

Then again, on the finish of April, an expenditure of over BGN 300 million was shifted from Might because of the holidays firstly of Might and the required technological time to hold out the cost of pensions for Might. The intention was for pensioners to obtain their pensions with none delay. Additionally, on the finish of April, the Easter complement permitted by the Nationwide Meeting was paid to the pensions of pensioners for pensions as much as the poverty line, within the complete quantity of about BGN 54 million.

In comparison with the identical interval in 2023, tax revenues elevated nominally by BGN 1,279.6 million (8.0%), non-tax revenues elevated by BGN 644.9 million (20.0%), and revenues within the a part of assist and donations (primarily grants below EU packages and funds) elevated by BGN 1,003.1 million.

Tax revenues (together with revenue from social safety contributions) are within the quantity of BGN 17,292.0 million, which represents 29.8% of these calculated for the yr and type 75.9% of complete revenues below the CFP for the interval.

Non-tax revenues quantity to BGN 3,863.8 million, which represents 37.7% of annual estimates.
Earnings from assist and donations is within the quantity of BGN 1,614.0 million.

Expenditures below the CFP (together with the contribution of the Republic of Bulgaria to the EU finances) as of April 2024 quantity to BGN 22,173.2 million, which is 27.2% of the annual estimates. In February 2024, pursuant to Artwork. 71, para. 1 of Decision No. 13 of the Council of Ministers of 2024, funds within the complete quantity of BGN 1,200.0 million have been recovered from the account for international funds below the finances of the Ministry of Regional Improvement and Public Works (MRRD). of the implementation of the finances for 2024, these funds will likely be offered by an act of the Council of Ministers on the premise of signed agreements with the Ministry of Inner Affairs and Communications as transfers to the municipalities for the financing of

The funding program for municipal initiatives pursuant to Artwork. 107 of the Legislation on the State Price range of the Republic of Bulgaria for 2024. With the elimination of this transaction, for the sake of comparability with the earlier yr, the bills as of the top of April 2024 are BGN 23,373.2 million out of BGN 20,938.8 million. BGN for the primary 4 months of 2023. Within the particular person price indicators, there is a rise in social prices, on account of the upper pensions paid after the rise that got here into pressure in July 2023, in addition to in personnel prices, after the rise within the remuneration of the educating employees and in another administrations with the 2023 ZDBRB and the 2024 ZDBRB, and others.

The a part of the contribution of the Republic of Bulgaria to the EU finances, paid as of 04/30/2024 from the central finances, quantities to BGN 457.4 million, which is in compliance with the at the moment efficient laws within the discipline of the EU’s personal assets.

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