/ world today news/ Preliminary forecasts of the Ministry of Finance indicate that the deficit under the consolidated fiscal program on a cash basis for 2014. is expected to amount to about 3 billion BGN /3.7% of the estimated GDP/, reported the Ministry of Finance.
This corresponds to the updated estimates for the year under the adopted 2014 Budget Amendment Act. and means a successful end to the budget year.
The month of December was extremely dynamic for the Ministry of Finance, as in parallel with the intensive work on the implementation of the budget, certificates, expense reports and applications for interim payments under the seven Operational Programs in the amount of nearly 900 million were successfully sent to the European Commission. BGN, which are to be reimbursed to Bulgaria. Along with this, the required resource for the Bank Deposit Guarantee Fund was provided in accordance with the stipulated terms and procedures without allowing any tension and the depositors have access to their funds. Despite the extremely short deadlines, a draft Law on the State Budget of the Republic of Bulgaria for 2015 was introduced and adopted by the 43rd National Assembly, which envisages gradual fiscal consolidation and reduction of the budget deficit in the medium term. These are just some of the serious challenges that the Ministry of Finance went through in the last month of the year, the department specifies.
The statistical data and the Information Bulletin on the implementation of the consolidated budget as of December 31, 2014. on the basis of data from the monthly reports on the cash execution of the budgets of the primary budget managers will be published on the website of the Ministry of Finance at the end of January 2015.
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