site.btaEnd-September CFP Surplus at Lv 621.5 Mln

End-September CFP Surplus  at Lv 621.5 Mln

Sofia, October 31 (BTA) - The monthly reports of first-level
spending units show the Consolidated Fiscal Programme (CFP) in a
 surplus of 621.5 million leva as of end-September, 0.7 per cent
 of the projected GDP, the Finance Ministry said late on Friday.

The surplus is the result of a 499.2 million leva excess of
national budget revenues over expenditures and an EU funding
surplus of 122.3 million leva. By comparison, at the end of
September 2014 the CFP was in a deficit of 1,478.9 million leva
(1.8 per cent of GDP), i.e. the budget position improved by 2.5
percentage points in 2015 due to due to an increase in national
budget revenues and grant aid.

The revenues and grants under the CFP as at September 2015 stood
 at 24,149.4 million leva, 79.6 per cent of the annual
projection. Compared to a year earlier, revenues and grants
increased by 2,593.1 million leva (12.0 per cent). Tax revenues
rose by 1,493.6 million leva (8.7 per cent), non-tax revenues
grew by 140.1 million leva (5.2 per cent), and grant aid (mostly
 from the EU funds) increased by 959.3 million leva (53.8 per
cent).

The full report on CFP implementation is available on the
Finance Ministry's website.