Is there a budget problem? A few numbers! The budget for 2024 was drawn up with a GDP of about 206 billion, at the moment it is clear that with a little imagination it can be brought to just under 200 billion, but the realistic estimate is below 197 billion, which means that only from a loss in the base, tax revenues will be at least 3 billion less.
Is the revenue going well since the beginning of the year? No, they don't go well! This is what he warns on "Facebook". the financial expert Lyubomir Datsov.
For the month of March, tax revenues grew for the same period of the year by only 2.5%, with a normal rate of at least 8%. February and March are a failure to say the least.
For each of these months, the revenues are smaller compared to 2023. If we compare the expected revenues based on seasonality and relative weight of each quarter, it turns out that the tax revenues of the consolidated budget for 2024 will be about 4 billion .less, i.e. it comes out by netting out the effect of the basis that there is also less collectability!
And now comes the big problem, the budget was adopted with a deficit of 6.2 billion, which to the new GDP is already 3.2% of GDP. By adding, let there be a total of 4 billion lower revenues for 2024, it turns out that expenses must be reduced by about 4.4 billion BGN, and this is only the beginning, without knowing the implementation of the European funds and non-tax revenues! So when someone tells you that the budget is in perfect condition, depending on how grumpy you are, you might be able to give them one.....!!!