BULGARIAN ECONOMY
The data on the implementation of the consolidated budget as of 31 December 2011
The budget balance under the Consolidated Fiscal Programme (CFP) on a cash basis is negative, amounting to BGN 1,582.2 million or 2.1 % of projected GDP. The deficit reported is significantly lower than the provided for in the 2011 Annual Budget Act, i.e. BGN 1,963.0 million or 2.5% of GDP. The CFP negative balance is formed by a deficit under the national budget of 1,750.0 million and a surplus under EU funds of BGN 167.9 million. For comparison the deficit in 2010 was BGN 2,822.8 million or 4% of GDP. The budget position for 2011 is improving in nominal terms by BGN 1,240.6 million of by 1.9 p.p. of GDP.
The fiscal reserve as of 31 December 2011 amounts to BGN 5.0 billion.
2011 CFP revenues and grants stand at BGN 25,378.0 or 33.3% of GDP which is 96.8% of the annual estimates. Tax and non-tax revenue implementation is very close to the annual plan - reported tax revenues and non-tax revenues have been implemented at 99.5% and 101.0% of the provided for in the 2011 Annual Budget Act respectively. In nominal terms tax revenues amount to BGN 20,591.9 million or 27.0 % of GDP, and non-tax and grants to BGN 4,786.1 million or 6,3 % of GDP.
Data on consolidated budget implementation as of 31 December 2011 are published in „Statistics" section on the website of the Ministry of Finance.
NEWS FROM BCCI
BCCI supports the position of EUROCHAMBRES for economic growth through jobs creation
Eurochambres expressed its content with the EU Summit conclusions, adopted on 30 January in Brussels
ОщеWhere is Bulgaria after 5 years of EU membership?
The results could have been better had the suggestions of the business been taken into account
ОщеBCCI: Quick and timely debt collection is often a matter of survival to creditors
Private enforcement agents have collected over BGN 2.4 billion since the establishment of their Chamber in 2006
ОщеTrade relations between Bulgaria and the Republic of South Africa are developing rapidly
The Ambassador of the Republic of South Africa H.E. Sheila Camerer and the newly appointed Consul and Political and Economic Advisor Boiki Motloung visited BCCI
ОщеThe Ambassador of Argentina visited BCCI
H.E. Guillermo Salvador Azrak expressed content with the continuing growth of bilateral trade
Още
BULGARIAN ECONOMY
The data on the implementation of the consolidated budget as of 31 December 2011
The deficit reported is significantly lower than the provided for in the 2011 Annual Budget Act
Още
LEGISLATION AND REGULATION
The Commission on Protection of Competition adopted guidelines about information exchange between competitors
The so called „black list“ gives particular examples for the prohibited exchange of information
Още
BULGARIA AND EU
The Minister of Finance Simeon Djankov: “All EU members must introduce clear budget austerity rules in their national laws”
Every EU Member State should introduce clear fiscal discipline rules in their national laws
Още
