Fiscal reserve as of 31.10.2014 is BGN 8.7 billion, including BGN 7.6 billion deposits in BNB and banks and BGN 1.1 billion receivables under the EU Funds for certified expenditure, advance payments, etc., announced the Ministry of Finance.
In accordance with §1, point 41 of the Public Finances Law Additional Provisions the fiscal reserve scope has been changed to include the receivables under the EU Funds for certified expenditure, advance payments, etc.
At end-October tax proceeds, including revenues from social security contributions, total BGN 19,154.7 million, which is 82.2% of the amended 2014 plans. Compared to the same period of the previous year tax revenues under the CFP have risen by 3.7% (BGN 684.1 million) in nominal terms
Revenues from direct taxes amount to BGN 3,436.8 million, or 80.3% of the amended annual plans, and are by BGN 286.7 million higher than the same period of the previous year (9.1%). Corporation tax revenues report growth of 4.9% (BGN 58.1 million). Increase as of end-October 2014 is also reported in the revenues under PITL - by BGN 228.6 million or 11.6% more than for the same period of last year.
Revenues from indirect taxes amount to BGN 9,737.3 million, or 81.6% of the amended annual plans. Compared to the same period of the previous year tax revenues under the CFP have risen by BGN 117.5 million in nominal terms.