The Treasury turns constructive in April with cash from Europe

Shock revenues from European funds below the previous operational packages introduced the funds into surplus in April. The revenues from the European Union within the finance are within the quantity of BGN 1.5 billion with much less bills – within the quantity of BGN 870 million. Subsequently, a surplus is created from EU funds, which is able to give the general further fiscal program.

This may be seen with the info of the Ministry of Finance in regards to the implementation of the funds on the finish of April, introduced by Nova TV. The division has not but offered the forecast information for the implementation of the funds for Could.

There’s excellent news in regards to the funds close to the tip of the fourth month of the 12 months. The Ministry of Finance studies that greater than 596.6 million bv. towards a deficit of BGN 1 billion from April 2023. Nevertheless, the constructive steadiness can also be as a consequence of particular person short-term results. Larger earnings from the EU is among the explanations for the excess within the funds.

This 12 months, funds from the EU below the previous program interval below the operational packages are abruptly coming in. The deadline for spending them expired on the finish of 2023. As for the cash from Brussels, nonetheless, a giant minus continues to be ready, regardless of delays in requests for funds below the Nationwide Restoration Plan and Persistence.

In April, there have been separate one-time receipts from the nationwide funds, such because the BNB contribution within the quantity of BGN 669 million, which in flip has a positive impact on the steadiness.