The fiscal reserve at the end of September was BGN 14,838.2 million.
The government approved the cash performance information of the state budget and the main indicators of the consolidated fiscal program (CFP) for The 9 months on 2024
Based on the data from the monthly reports on the cash execution of the budgets of the primary budget managers, the balance under the consolidated fiscal program (CFP) on a cash basis as of September 2024 is negative in the amount of BGN 2,829.9 million (1.4 % of estimated GDP).
The income
Incomes, benefits and donations under the CFP as of September 2024 are in the amount of BGN 52,031.3 million or 69.1% of the annual estimates. Revenues increased by BGN 4,377.6 million (9.2%) compared to those reported as of September 2023. Compared to the same period of 2023, tax revenues increased nominally by BGN 4,917.9 million (13.2% ), non-tax revenues decreased by BGN 1,365.7 million (15.9%), and receipts in the part of aid and donations (mainly grants under EU programs and funds) increased by BGN 825.4 million.
Tax receipts (including income from social security contributions) amount to BGN 42,291.9 million, which represents 73.0% of the calculated for the year and forms 81.3% of the total receipts under the CFP for the period.
The revenues in the part of direct taxes amount to BGN 8,414.2 million, which represents 65.4% of the estimates for 2024 and an increase of BGN 1,012.3 million (13.7%) compared to the figures reported as of September 2023
Revenues from indirect taxes are in the amount of BGN 18,855.3 million, which represents 73.9% of those provided for in the 2024 Tax Code and an increase of BGN 2,403.1 million (14.6%) compared to the reported to
September 2023
Revenues from other taxes (including other taxes under ZKPO, property and other taxes) amount to BGN 1,810.2 million (including BGN 412.3 million from the budget of the Electricity Security Fund system” at BGN 802.8 million as of September 2023), which represents 97.8% of the annual estimate and a drop of BGN 326.1 million compared to the reported as of September 2023.
Revenues from social and health insurance contributions are in the amount of BGN 13,212.2 million or 74.5% of the estimates for 2024 and an increase of BGN 1,828.6 million (16.1%) compared to those reported for the same period in 2023.
Non-tax revenues amount to BGN 7,218.8 million, which represents 70.4% of annual estimates.
Income from aid and donations is in the amount of BGN 2,520.5 million.
The expenses
Expenditures under the CFP (including the contribution of the Republic of Bulgaria to the EU budget) as of September 2024 amount to BGN 54,861.1 million, which is 67.3% of the annual estimates. In the individual cost indicators, there is an increase mainly in social costs, as a result of the higher pensions paid after the increases that came into force in July 2023 and July 2024, as well as in personnel costs, after the increase in the remuneration of teaching staff and in other administrations with ZDBRB for 2023 and ZDBRB for 2024, and others.
The part of the contribution of the Republic of Bulgaria to the EU budget, paid as of 30.09.2024 from the central budget, amounts to BGN 1,120.9 million, which is in compliance with the currently effective legislation in the field of the EU’s own resources.
The amount of the fiscal reserve as of 30.09.2024 is BGN 14,838.2 million, including 13,401.6 million BGN deposits of the fiscal reserve in the BNB and banks and 1,436.6 million BGN receivables from the funds of the European Union for certified expenses, advances and others.
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