Government budget

The Fiscal Reserve of Bulgaria as of June 30 is BGN 11.7 Billion

The Council of Ministers approved the information on the cash execution of the state budget and the main indicators of the consolidated fiscal program for the first half of 2019, prepared in pursuance of Art. 135, para. 1 of the Law on Public Finances, based on the monthly reports on the cash execution of the primary budget spending units.

FinMin Teodorovici says budget revision secures full payment of wages, pensions, investment projects

The latest budget revision bill secures the full payment of public wages, pensions and investment projects, and nobody has to worry about it, Finance Minister Eugen Teodorovici said at the end of a Government meeting on Monday. "The Gross Domestic Product (GDP) has passed the 1-billion-leu mark for the first time. Where the Government took some measures, results were seen.

Primary surplus rises 834 mln euros y-o-y

The general government primary surplus was up by 834 million euros in the first five months of the year compared to the same period in 2017, according to a report by the Parliament's Budget Office (PBO).

In the state budget, tax revenues posted an increase of 393 million euros and the revenues of the Public Investments Program rose by 355 million euros.

Committee adopts 2018 budget bill

BELGRADE - The parliamentary Committee on Finance on Monday unanimously adopted in principle the 2018 budget bill, which envisions revenues of 1,178 bln dinars and expenditures of 1,207 bln dinars.

The planned national fiscal deficit for 2018 is 0.6 pct of GDP, or 28.4 bln dinars, which is 40.7 bln dinars below the deficit planned in the 2017 budget.

Tanjug file photo

Spending cuts prettify budget data

Delays in the funding of hospitals, social spending cuts and low expenditure on the Public Investments Program served to prettify the picture of the state budget over the first half of the year, producing a primary surplus of 1.93 billion euros, Finance Ministry figures showed on Monday.