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If no budget for 2023 is adopted by June 11, Bulgaria must move from June 12 to a zero balance, which means an abrupt stop to the financing of the systems.

The reason is that the current "extending law" on the budget will be valid until June 12, 2023. This became clear from a statement by the Minister of Finance Rositsa Velkova from the parliamentary rostrum.



Minister Velkova announced that revenues, benefits and donations under the consolidated fiscal program increased by 

BGN 2,051.4 million or 11.5 percent 

in the first four months of this year compared to the same period of 2022. They amount to BGN 19,840.4 million.

Tax and non-tax revenues reported an increase compared to the first four months of the previous year, while the receipts in the part of aid, which mainly includes grants under EU programs and funds, were lower.

The National Assembly listens to Rositsa Velkova regarding the implementation of the budget and the state of the fiscal reserve.



In the part of tax and social security revenues, the largest nominal increase is reported - with BGN 1,989.4 million or 14.2 percent.

The information on the income from individual taxes is:



- from corporate taxes - 

BGN 788.7 million.


- from personal income taxes - 

BGN 1,851.1 million,


- from VAT - 

BGN 4,905.3 million.


- from excise taxes (net) - 

BGN 2,064.8 million


- from customs - 

BGN 105.7 million, which is BGN 37.7 million.

less compared to customs revenue as of April 2022.


- from other taxes (includes other taxes under ZKPO, property and other taxes) - BGN 1,384 million.


- from social and health insurance contributions (from the budget of the State Social Insurance and the budget of the NHIF) - BGN 4,889.4 million -


non-tax revenues - 

BGN 3,218.1 million


- benefits and donations are in the amount of 

610 .8 million BGN.



Expenditures under the CFP (including the contribution of the Republic of Bulgaria to the EU budget) as of April 2023 amount to BGN 20,937.6 million. They also show a nominal growth of 4,031.1 BGN million (23.8 percent) compared to

 the first four months of the previous year

.

The most significant increase is in social expenses (BGN 1,594.0 million), incl.

pension costs (BGN 1,348.1 million), as well as in

 the part of personnel costs 

(BGN 770.0 million), maintenance costs (BGN 681.6 million), subsidy costs (BGN 606.0 million) and others.



The increase in costs is due to the normative acts that came into force, incl.

changes in the pension sphere, payment of obligations under the budget of the Ministry of Internal Affairs and Communications, increased amounts of remuneration in a number of administrations, active programs for the payment of compensations to non-domestic end-users of electricity, and others.



Minister Velkova also presented the state of the fiscal reserve as of 04/30/2023.



It is in the amount of about 

BGN 11.95 billion

, including.

balances on accounts with the BNB and banks in the amount of BGN 10.8 billion and receivables from the EU for certified expenses, advances and others in the amount of BGN 1.2 billion. It decreases to about BGN 10.4 billion, mainly due to the expenditure on pensions under the LLP budget.