National Statistical Institute

National Non-financial Accounts

Elena Bakalova

Viktoria Spasova

Chief expert

Junior expert

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

[email protected]

[email protected]

+359 2 9857 540

+359 2 9857 222

Annual financial accounts for the Government sector represent the economic activity of government compared to other European countries way. These include indicators of revenue and expenditure side in total and by major components (economic categories ESA 2010, including balancing items) for the Government sector and its sub-sectors . The difference between total revenue and total expenditure is equal to the net borrowing / net lending. The data cover the non-financial transactions of institutional units in the Government sector and sub-sector.

European System of Accounts, 2010 (ESA 2010)

According to ESA 2010 Government sector includes all institutional units which are non-market producers and whose output is intended for individual and collective consumption of government (for exemple education, health). These units are mainly financed by payments from other sectors of the economy. Institutional units in the Government sector are grouped into three sub-sections: " Central Government ", " Local Government " and " Social security funds".

Bulgaria has committed to provide statistical information to Eurostat for the Government sector as described in the European System of Accounts (ESA2010), as required by Regulation 264/2000 of 3 February 2000 and the European Commission Regulation 2223/1995 of the European Parliament. Eurostat prepared and published in accordance with EC regulations 351/2002 , 2103/2005 for the implementation of the Protocol on the excessive deficit procedure by reference to ESA 2010 data for this sector.

Government Sector includes three sub-sectors in accordance with ESA 2010: Central Government - S.1311 (includes all units whose accounts are included in the central budget , universities, Bulgarian National Television, Bulgarian National Radio, extra bills, hospitals funded government and other institutional units with separate budgets), Local Government - S.1313 (includes all municipalities, hospitals funded by them and extra - budgetary funds to municipalities), and Social Security Funds - S.1314 (National Social Security Institute and the National Health Insurance Fund) .

The main source for the development of statistics for the sector non-financial indicators of Government sector used the reports on implementation of the consolidated fiscal program provided by the Ministry of Finance. Reports on implementation of the consolidated fiscal program will be prepared in accordance with the relevant national budget classification .

Institutional unit under ESA 2010 - budgetary institutions, non-financial enterprises reclassified in the "Government sector.

Economic territory of the country

Bulgaria

from 1995 (Infostat)

Not applicable.

Million BGN

Year

· Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community;

· Commission Regulation (EC) No 1500/2000 of 10 July 2000 implementing Council Regulation (EC) No 2223/96 with respect to general government expenditure and revenue;

· Commission Regulation (EC) No 995/2001 of 22 May 2001 implementing Regulation (EC) No 2516/2000 of the European Parliament and of the Council modifying the common principles of the European system of national and regional accounts in the Community (ESA 2010) as concerns taxes and social contributions;

· Commission Regulations (EC) No 351/2002, 2103/2005 amending Council Regulation (EC) 3605/93 as regards references to ESA 2010.

Eurostat program to provide data on national accounts.

· Law on Statistics;

· 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.

The date for publication of statistical information is pointed in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute. Statistical information on non-financial accounts of sector General Government are published twice a year: preliminary data - four months after the reporting period and the final data - ten months after the reporting period.

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

Data is published on the NSI website, section Government Finance Statistics in accordance with the Law on Statistics and the European Statistics Code of Practice respecting the professional independence and aimed at objectivity, transparency and equal treatment of all consumers.

Twice a year

Not applicable.

Main Macroeconomic Indicators

Data are available to all users of the NSI website under the heading Government Finance Statistics - Non-financial accounts of sector General Government: http://www.nsi.bg/en/node/5255

· Methodological notes for elaboration of annual non-financial accounts of sector General Governmet in Bulgaria;

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

· Regulation 1500/2000 of the European Commission of 10 July 2000 on the expenditure and revenue of the Government sector.

· European Statistics Code of Practice;

· Common framework for quality management in the National Statistical System.

T+3 months; T+9 months

Additional information for the Government sector is available in other subsections of section Government Finance Statistics.

The notification tables on government deficit/surplus and debt.

Data for the Government sector is revised in the following cases:

· update for previous periods - if further additional information, reclassification and other improvements;

· in March and September in accordance with the notification tables on government deficit/surplus and debt;

· planned methodological revisions.

See 19.1.

Main data sources to compilation of accounts of General Government are:

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

· additional administrative information from Ministry of Finance for taxes on accrual basis;

· administrative information from other ministries and agencies for these fees which are consider as taxes.

Annually

Exhaustively for all units of General Government.

Implementation of validated procedures for assessing data quality.

Not applicable.