Government deficit/surplus and debt levels


NOTIFICATION TABLES FOR DEBT AND DEFICIT OF GENERAL GOVERNMENT SECTOR
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

"Financial National Accounts" Department

Contact name

Peter Kamenov

Milena Georgieva

Contact person function

Head of Department

State expert

Contact mail address

2, P. Volov Str.; 1038 Sofia, Bulgaria

Contact email address

[email protected]

[email protected]

Contact phone number

+359 2 9857 516

+359 2 9857 708

Contact fax number
Metadata update
Metadata last certified21 October 2019
Metadata last posted21 October 2019
Metadata last update21 October 2019
Statistical presentation
Data description

The deficit /surplus of the sector "General Government" and the debt are important indicators, which are used for assessing the fiscal position of the government sector. They form a part of convergent criteria for membership in European Economic and Monetary Union (e.g. Maastricht criteria). The level of deficit / surplus and debt of the General Government are measured with net borrowing (-) / net lending (+). General government consolidated gross debt is in nominal value and its due in the end of the year. The indicator is presented by financial instruments categories.

Classification system

· European System of Accounts, 2010 (ESA 2010);

· ESA 2010 Manual on government deficit and debt.

Sector coverage

In accordance of ESA 2010 General Government sector consists of three sub-sectors: Central Government, Local Government and Social Security Funds.

Statistical concepts and definitions

Data on deficit and debt of sector "General Government" have been developed in accordance with the Manual of Government deficit and debt, Council Regulation (EC) 479/2009 on the application of the Protocol on the excessive deficit procedure (EDP) and Council Regulation (EU) No 679/2010 of 26 July 2010 amending Regulation (EC) No 479/2009 as regards the quality of statistical data in the context of the excessive deficit procedure, Commission Regulation (EU) No 220/2014 of 7 March 2014 amending Council Regulation (EC) No 479/2009 as regards references to the European system of national and regional accounts in the European Unionas, as well as Commission Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts

Statistical unit

The statistical unit is an institutional unit as defined in ESA'2010. The institutional units are grouped to general government sector and its sub-sectors.

Statistical population

General Government sector and its three sub-sectors: Central Government, Local Government and Social Security Funds.

Reference area

Republic of Bulgaria

Time coverage

2015 - 2018

Base period

Not applicable.

Unit of measure

Million BGN

Reference period

Calendar year.

Institutional mandate
Legal acts and other agreements

• Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union

· Council Regulation (EC) No 479/2009 of 25 May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community ;

· Council Regulation (EU) No 679/2010 of 26 July 2010 amending Regulation (EC) No 479/2009 as regards the quality of statistical data in the context of the excessive deficit procedure ;

• Commission Regulation (EU) No 220/2014 of 7 March 2014 amending Council Regulation (EC) No 479/2009 as regards references to the European system of national and regional accounts in the European Union

Data sharing

Data sharing is determined by a Memorandum of Cooperation in the field of Government Finance Statistics between National Statistical Institute, Bulgarian National Bank and Ministry of Finance.

Confidentiality
Confidentiality - policy

· Law on Statistics, Article 25;

· Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4)) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.

Confidentiality - data treatment

Data are treated as confidential during the validation process from Eurostat, until the news release.

Release policy
Release calendar

The date for publication of statistical information is shown in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute. Statistical information about the deficit and debt of sector General Government is provided to Eurostat and published on the NSI website twice a year (preliminary data in April and the final - in October).

Release calendar access

The calendar is available on the NSI website: http://www.nsi.bg/en/node/480

User access

Data are published on NSI website, section Government Finance Statistics in accordance with the Statistics Act and the European Statistics Code of Practice, respecting professional independence and objectivity to transparency, in which all users are treated equitably.

Frequency of dissemination

The statistical information of deficit and surplus of the General Government sector is provided to EUROSTAT and published at the website of National Statistical Institute (NSI) twice a year (preliminary data in April and final data in October).

Accessibility and clarity
News release

The press releases are published on the NSI website.

Publications

Not applicable.

On-line database

Detailed information is available for all users at the NSI website under section Government Finance Statistics, Government deficit/surplus and debt levels by sub-sectors of General Government: http://www.nsi.bg/en/node/5287

Micro-data access

Not applicable.

Other

Not applicable.

Documentation on methodology

· EDP Consolidated Inventory of Sources and Methods (Bulgaria);

· ESA'2010 Manual on Government Deficit and Debt;

· European System of Accounts ( ESA 2010).

Quality documentation

Not applicable.

Quality management
Quality assurance

Quality of data is assured by adherence to the ESA'2010 and ESA'2010 Manual on Government Deficit and Debt and by the validation of data by Eurostat.

Quality assessment

Not applicable.

Relevance
User needs

Not investigated.

User satisfaction

Not investigated.

Completeness

All required data are available.

Full coverage.
 

Accuracy and reliability
Overall accuracy

Not available.

Sampling error

Not available.
 

Non-sampling error

Not available.

Timeliness and punctuality
Timeliness

 According to Council Regulation 479/2009 as amended the statistical information on deficit and surplus of the General Government sector should be provided to Eurostat twice a year: preliminary data before 1 April and final data before 1 October.

Punctuality

Terms under previous item are strictly followed.
 

Coherence and comparability

Consistency with tables in ESA 2010 transmission program.

Comparability - geographical

Not applicable.

Comparability - over time

Not applicable.

Coherence - cross domain

Consistency with tables in ESA 2010 transmission program.

Coherence - internal

Not applicable.

Cost and burden

Not available.

Data revision
Data revision - policy

Adherence to Eurostat revision policy.

Data revision - practice

Adherence to Eurostat revision policy.


 

Statistical processing
Source data

Main data sources to compilation a notification tables are:

· reports of cash implementation of the consolidated state budget and individual budgetary entities;

· trial balances of the subsectors of General Government;

· the financial statements of the institutional units which are included in addition to sector "General Government" (government-owned hospitals, FLAG and other non-financial enterprises);

· statistical information on the issued and used compensatory instruments provided by the Central Depository.

Frequency of data collection

Twice per year.

Data collection

Exhaustively for all units of General Government sector.

Data validation

Data are validated by Eurostat.

Data compilation

The information on deficit/ surplus and debt is based on the main data sources and additional calculation is applied according to accepted by member states definition and methodological rules regarding coverage and estimation of transaction for General Government sector, according to developed by EUROSTAT Manual for Deficit and Debt. The information on deficit / surplus and debt of the General Government sector, is different from this in national methodology mainly that the transactions of the sector are reported on accrual bases and the influence of the amount received from European Union is eliminated.

Adjustment

Not applicable.

Comment
Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml
  • Government deficit/surplus and debt levels by sub-sectors of General Government

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