The budget surplus at the end of March reached 1.86 billion. Lev, show the preliminary data of the Ministry of Finance. A similar number at the end of the first quarter statistics, not counting never. The communication ministry is understood that the plus factors were higher revenues and cost cutting compared to the same period of the previous year. March is traditionally a strong budget revenue, because the deadline for payment of profit tax for companies.
Only the last four days of March revenues administered by the revenue agencies exceed 500 million. Lev Besides higher tax and social security revenues in March 2016 among the reasons for the large surplus is 783 million. Lev, which came from the European Commission. The vast majority of these revenues are restored to Bulgaria costs incurred at the end of 2015, and a portion (about 1%) are advances in European programs for the new programming 2014 - 2020
The Ministry of Vladislav Goranov themselves specify that account tax calendar and the one-off nature of some of the receipts for the past three months, and shift a substantial part of the investment costs (incl. In European programs) for the second half of the year, the projected level of budget surplus can not be interpreted unambiguously as a lasting trend to improve balance the budget. Good parameters of the budget implementation for the quarter should be taken as a guarantee that the intended budget balance for the year is attainable, he said in a statement. For the full year the government expects a deficit of 2%.
The numbers at the end of the first quarter indicate that total revenues increased by nearly 1.3 billion. Lev against the same period of 2015. The tax and non-tax revenues have 765 million. Lev more while funds recovered by the EC with 520 million. lev above the level of the previous year. The total costs are less by about 315 million. Lev Detailed data to the end of March will not, but if we take the basis of the official results of February, shows that capital costs are half as much (230 million. Lev) and contribution to the EU budget is nearly 50 million. lev less. Also it shows that the interest expenses of the state fell by 46%. It can be expected that in April will also be a good month since the end of the deadline for payment of taxes on personal income.
In preliminary data as of March no details. Such, however, there in February, and they show that this year the trend is for ever larger surpluses. At the end of the second month budget has a surplus of 915.2 million. Lev, or 1 percent of projected gross domestic product. Revenues exceeding costs almost equally shared between surplus in the national budget and that of European funds. The ministry reminded that, compared to the first two months of 2015 saw a deficit in the consolidated program (which includes besides the national budgets and social security, the judiciary, municipalities, universities, BAS, BNT and BNR extrabudgetary funds and accounts, etc.) in the amount of 105.5 million. lev (0.1% of GDP), which means that as a share of GDP budgetary position improves by 1.1 percentage points.
Total tax at the end of February received 4.2 billion. Lev, or 16.3% of annual revenue. Compared with a year earlier, tax revenues increased nominally by 10%. In structural terms, the most significant growth is reported in revenues from indirect taxes - VAT and excise duty. Revenues from direct taxes 487.5 million. Lev, or 10.4% of the envisaged for 2016, compared to the first two months of 2015 increased by 8 million. Lev (1.7%). Indirect tax revenues were 2.5 billion. Lev, which is 19 per cent of the estimates, increasing from a year earlier to 15.2 percent. VAT receipts were 1.7 billion. Lev, or 20.2% of the annual plan. The amount of non-refunded VAT at the end of February was 141.1 million. Lev
Source: Capital.bg