site.btaConsolidated Budget of State Public Insurance Adopted

Consolidated Budget of State Public Insurance Adopted

Sofia, December 19 (BTA) - Parliament adopted Friday the 2015
consolidated budget of the State Public Insurance, setting
revenues and transfers at 9,633,205,
500 leva, and expenditures and transfers at 9,629,267,000 leva.

The 2015 budget is in a surplus of 3.9 million leva, which will
be fully used to pay off long-term loans from banks and
financial institutions abroad. 

At 4,569,600,000 leva, social insurance contributions account
for the largest proportion of revenues in 2015. These are
followed by: a transfer of 2,707,800,000 leva from the national
budget (12 per cent of the sum total of the contributory incomes
 of all insured persons in the calendar year);  a transfer of
342,600,000 leva from the national budget to state public
insurance; 12 million leva in non-tax revenues; and an
additional transfer of 2,002,200,000 leva from the national
budget to cover the shortfall.

Expenditures on pensions will total 8,392,990,000 leva. Pensions
 covered by public social insurance total 8,010,526,100 leva.
Pensions covered by the national budget total 339,304,400 leva.

Welfare benefits total 1,157,650,000 leva.
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