01.03.2022

Based on preliminary data and estimates the budget balance of the Consolidated Fiscal Programme (CFP) as of February 2022 is expected to be positive, amounting to BGN 697 million (0.5 % of the forecast GDP). For comparison, the reported excess of revenues over expenditures for the first two months of 2021 amounted to BGN 24.3 million. In February 2022, CFP revenues, grants and donations have increased by around 11 percent as compared to the amount reported for the same period of the previous year.

Key CFP parameters on the basis of preliminary data and estimates:

As of February 2022, CFP revenues, grants and donations are expected to be BGN 8,098 million, increasing by BGN 804 million as compared to the amount reported for the first two months of 2021. Compared to February 2021, tax and non-tax proceeds under CFP rise by BGN 862 million in nominal terms, while proceeds from grants and donations (mostly EU programme and fund grants) decrease by BGN 58 million as compared to the amount reported for the same period of the previous year.

The Consolidated Fiscal Programme expenditures, including the contribution of the Republic of Bulgaria to the EU budget, as of February 2022 amount to BGN 7,401 million. For comparison, the expenditures under the CFP as of February 2021 amounted to BGN 7,270.0 million.

The part of Republic of Bulgaria's contribution to the EU budget, paid from the central budget as of 28.02.2022, amounts to BGN 296.0 million, which complies with the current legislation in the area of EU own resources.

The statistical data and the Information Bulletin on the execution of the state budget and the key indicators of the Consolidated Fiscal Programme based on data from the monthly reports on the cash performance of the budgets of the first-level spending units as of February 2022 will be published on the website of the Ministry of Finance at the end of March 2022.

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