At the end of November, the funds accumulated in the State Fund for Ensuring the Sustainability of the State Pension System, better known as the Silver Fund, reached BGN 3.580 billion. This is BGN 288 million more than at the end of 2020, when the money were 3.292 billion levs, according to data from the Ministry of Finance.
In 2021 there is a more serious swelling of the reserve. From the end of 2019 to the end of last year, the funds increased by BGN 188 million (by about BGN 100 million less than the current increase).
However, this is somewhat understandable – in 2019 and 2020 only BGN 2.4 million entered the Silver Fund from privatizations, and from other sources determined by law or an act of the Council of Ministers such as fines, property sanctions, penalties related with the privatization process – BGN 5.3 million, total for 2019 and 2020.
This year, however, the proceeds from concessions will be significantly higher – on April 20, the new concessionaire at Sofia Airport announced that it has made a concession fee payment in the amount of BGN 660 million. writes “Dnes.bg”.
The breakdown of the Ministry of Finance also shows that of the BGN 3.58 billion in question, BGN 3.520 billion have been deposited in a separate account with the BNB. The funds transferred in November 2021 to the guarantee fund from the Pensions Fund in the State Social Insurance (SSSI) amount to BGN 28.14 million. For comparison, a month earlier the amount was BGN 16.15 million. BGN 72.36 million were transferred for the third quarter, and BGN 133.63 million were transferred in the second quarter of the year. For comparison, for the whole 2020 the amount is BGN 188.68 million.
It is noteworthy that for the first quarter of this year only BGN 36.97 million were transferred.
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