site.btaGovernment Approves Report on Implementation of 2019 State Budget

September 30 (BTA) - The government approved here on Wednesday the annual report on the implementation of the state budget in 2019, the government's information service said.

According to the report, the end-of-year deficit of the Consolidated Fiscal Programme (CFP) on a cash basis totalled 1,152.4 million leva, or one per cent of the Gross Domestic Product (GDP). The projected deficit had been set at 2,432.6 million leva, meaning that the budget balance improved nominally by 1,280.2 million leva. The reported deficit resulted from one-off expenditure related to an investment project for new fighter jets for the Bulgarian Air Force.

The government deficit/surplus and debt in the State Government sector in 2019 reported in compliance with ESA 2010 and according to the April notification tables was positive, amounting to 2.1 of the GDP.

CFP expenditure, including Bulgaria's contribution in the budget of the EU, stood at 45,201.0 million leva, or 97.6 ot cent of the target, adding up to 38.1 per cent of the GDP, up from 36 per cent in 2018.

Interest payments stood at 648.8 million leva, or 96.9 per cent of the target. Current non-interest expenditure totalled 35,753.9 million leva, or 99.7 per cent of the target. Capital expenditure, including the net growth of the state reserve, stood at 7,561.5 million leva, or 89.4 per cent of the target.

Bulgaria's contribution in the budget of the EU in 2019 totalled 1,193.1 million leva, or one per cent of the GDP.

The State Fund for Guaranteeing the Stability of the State Pension System (the so-called Silver Fund) totalled 3,104.1 million leva as at the end of the year.

The government debt totalled 22,023.0 million leva. RI/ZH
/МЙ/