Based on preliminary data and estimates the balance of the Consolidated Fiscal Programme (CFP) on a cash basis as of end-October 2016 is expected to be positive, amounting to BGN 3,411.5 million (3.8% of forecast GDP). For comparison, a CFP surplus of BGN 63.9 million (0.1% of GDP) was reported in the same period of 2015, which means that, as a relative share of GDP, the budget stance has improved by 3.7 percentage points.

The factors for the improvement in the budget stance continue to be the higher revenues and the lower rate of utilization of capital expenditures. The improvement in terms of the current excess of revenues over expenditures under EU funds accounts on CFP balance is considerable, with the surplus under EU funds being 1.6% of the forecast GDP.