Based on preliminary data and estimates the balance of the Consolidated Fiscal Programme (CFP) on a cash basis as of April 2017 is expected to be positive, amounting to BGN 1,601.4 million (1.6% of the forecast GDP).

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

As of April 2017, CFP revenues and grants are expected to be BGN 12,058.6 million (34.0% of the annual estimates). Compared to the same period of the previous year, tax and non-tax revenues have grown by BGN 780.5 million, (7.2%), while proceeds from grants were lower. Grants performance as compared to the annual estimates for 2017 is expected to be 16.7%.  

The Consolidated Fiscal Programme expenditures, including the contribution of the Republic of Bulgaria to the EU budget, as of April 2017 are expected to amount to BGN 10,457.2 million, which is 28.4% of the annual estimates. The expenditures for the same period of the previous year are to the amount of BGN 9,818.7 million. The growth as compared to the same period of the previous year is mostly due to the higher social security and health insurance payments, a baseline effect on expenditures on pensions from their increase as from July 2016, expenditures on subsidies and growth of insurance payments related to the higher insurance contribution for the Pensions for Persons under Article 69 Fund which increased by 20 percentage points as compared to 2016.