The budget balance under the Consolidated Fiscal Programme (CFP) as of end-November 2011 is negative, amounting to BGN 1 049,2 million, or 1.4 % of projected GDP for the year, and is formed by a deficit under the national budget of 560,7 million and a deficit under EU funds of BGN 488,5 million. As a comparison, the deficit for the same period of 2010 is BGN 1 866,2 million, or 2,6 % of GDP, or in other words in 2011 the CFP deficit on a cash basis has improved by BGN 817,0 million (1,2 pp of GDP) in nominal terms.
The fiscal reserve as of 30 November 2011 amounts to BGN 5,3 billion.
Data on consolidated budget implementation as of 30 November 2011 are published in the „Statistics" section on the website of the Ministry of Finance. The statistical data are accompanied by an Information Bulletin on the Execution of the Consolidated Budget, which presents a short analysis of the performance of the key budget parameters on a consolidated level and by constituent budgets.