Reporting of Government Deficits and Debt Levels

Transcription

1 Apr.2014 Reporting of Government Deficits and Debt Levels in accordance with Council Regulation (EC) N 479/2009, as amended and the Statements contained in the Council minutes of 22/11/1993 Set of reporting tables as endorsed by the CMFB on 06/08/2009. DD/MM/YYYY The information is to be provided in the cover page only Table 1: Reporting of government deficit/surplus and debt levels and provision of associated data. Tables 2A to 2D: Provision of the data which explain the transition between the national definitions of government balance and the deficit/surplus (EDP B.9) of each government sub-sector. Tables 3A to 3E: Provision of the data which explain the contributions of the government deficit/surplus and the other relevant factors to the variation in the government debt level, and the consolidation of debt (general government and general government subsectors). Table 4: Provision of other data in accordance with the statements contained in the Council minutes of 22/11/1993. Yellow and grey cells: compulsory detail; green cells: automatic compilation; blue cells: voluntary detail. Not applicable: M ; Not available: L For all "vertical and horizontal checks" cells is used "Comma Style" Format. Thus, cell which is equal to "0.00" (zero) is shown as "-". Also 1000 separator is used.

2 Table 1: Reporting of government deficit/surplus and debt levels and provision of associated data Data are in BGN (millions of units of national currency) ESA codes final final half-finalizedhalf-finalized planned Net borrowing (-)/ net lending (+) EDP B.9 General government S.13-2,198-1, ,178-1,470 - Central government S ,384-1, ,424-1,454 - State government S.1312 М М М М М - Local government S Social security funds S final final half-finalizedhalf-finalized planned General government consolidated gross debt Level at nominal value outstanding at end of year 11,453 12,291 14,388 14,733 18,400 By category: Currency and deposits AF.2 M M M M Securities other than shares, exc. financial derivatives AF.33 6,846 7,392 9,641 9,207 Short-term AF Long-term AF.332 6,713 7,392 9,641 8,908 Loans AF.4 4,608 4,899 4,747 5,526 Short-term AF Long-term AF.42 4,455 4,551 4,730 5,508 General government expenditure on: Gross fixed capital formation P.51 3,234 2,558 2,614 3,219 4,562 Interest (consolidated) EDP D p.m.: Interest (consolidated) D.41 (uses) Gross domestic product at current market prices B.1*g 70,511 75,308 78,089 78,115 80,699 (1) Please indicate status of data: estimated, half-finalized, final.

3 Table 2A: Provision of the data which explain the transition between the public accounts budget balance and the central government deficit/surplus Data are in BGN (millions of units of national currency) Working balance in central government accounts -1,580-1, ,142-1,558 Basis of the working balance cash cash cash cash planned Financial transactions included in the working balance M M M -150 M Loans, granted (+) M M M M M Loans, repayments (-) M M M M M Equities, acquisition (+) M M M M M Equities, sales (-) M M M -150 Claw-back clause of BTC Other financial transactions (+/-) M M M M M of which: transactions in debt liabilities (+/-) M M M M M M M M M M M M M M M Non-financial transactions not included in the working balance Difference between interest paid (+) and accrued (EDP D.41)(-) Other accounts receivable (+) Other accounts receivable F Difference in cash and time adjusted cash Other accounts payable (-) 1, Other accounts payable F Difference in cash and time adjusted cash Detail Emission Trading Permits Working balance (+/-) of entities not part of central government Net borrowing (-) or net lending (+) of other central government bodies Extrabugetary accounts related to EU funds Extrabugetary accounts Detail utonomous budget, Hospitals,Railway Infrastructure,FLAG,SCC, BDZ-PP and other reclassified units Other adjustments (+/-) (please detail ) Capital transfers: compensation vouchers; Guarantee call; Debt assumption EU flows corrections Detail Letter of credit Detail Debt cancellation Detail Other Net borrowing (-)/lending(+) (EDP B.9) of central government (S.1311) -1,384-1, ,424-1,454 (ESA 95 accounts) (1) Please indicate accounting basis of the working balance: cash, accrual, mixed, other. Note: Member States can adapt tables 2A, B, C and D to their national specificity according to the established practice

4 Table 2B: Provision of the data which explain the transition between the working balance and the state government deficit/surplus Data are in...(millions of units of national currency) Working balance in state government accounts М М М М Basis of the working balance (1) (1) (1) (1) Financial transactions included in the working balance М М М М Loans (+/-) М М М М Equities (+/-) М М М М Other financial transactions (+/-) М М М М of which: transactions in debt liabilities (+/-) М М М М Non-financial transactions not included in the working balance М М М М Difference between interest paid (+) and accrued (EDP D.41)(-) М М М М Other accounts receivable (+) М М М М Other accounts payable (-) М М М М Working balance (+/-) of entities not part of state government М М М М Net borrowing (-) or net lending (+) of other state government bodies М М М М Other adjustments (+/-) (please detail ) М М М М Detail 3 Net borrowing (-)/lending(+) (EDP B.9) of state government (S.1312) М М М М (ESA 95 accounts) (1) Please indicate accounting basis of the working balance: cash, accrual, mixed, other. Note: Member States can adapt tables 2A, B, C and D to their national specificity according to the established practice

5 Table 2C: Provision of the data which explain the transition between the working balance and the local government deficit/surplus Data are in BGN (millions of units of national currency) Working balance in local government accounts Basis of the working balance cash cash cash cash planned Financial transactions included in the working balance M M M M Loans (+/-) M M M M Equities (+/-) M M M M Other financial transactions (+/-) M M M M of which: transactions in debt liabilities (+/-) M M M M Non-financial transactions not included in the working balance Difference between interest paid (+) and accrued (EDP D.41)(-) Other accounts receivable (+) Other accounts receivable F7 Other accounts payable (-) Other accounts payable F7 Working balance (+/-) of entities not part of local government Net borrowing (-) or net lending (+) of other local government bodies Extrabugetary accounts of municipalities Hospitals;Steam Power Station Shumen Other adjustments (+/-) (please detail ) Letter of credit Capital transfer - Gradski transport - Varna EAD Detail EU flows corrections Net borrowing (-)/lending(+) (EDP B.9) of local government (S.1313) (ESA 95 accounts) (1) Please indicate accounting basis of the working balance: cash, accrual, mixed, other. Note: Member States can adapt tables 2A, B, C and D to their national specificity according to the established practice

6 Table 2D: Provision of the data which explain the transition between the working balance and the social security deficit/surplus Data are in BGN (millions of units of national currency) Working balance in social security accounts Basis of the working balance cash cash cash cash planned Financial transactions included in the working balance M M M M Loans (+/-) M M M M Equities (+/-) M M M M Other financial transactions (+/-) M M M M of which: transactions in debt liabilities (+/-) M M M M Non-financial transactions not included in the working balance Difference between interest paid (+) and accrued (EDP D.41)(-) Other accounts receivable (+) Other accounts receivable F7 Other accounts payable (-) Other accounts payable F7 Working balance (+/-) of entities not part of social security funds Net borrowing (-) or net lending (+) of other social security bodies Other adjustments (+/-) (please detail ) M M M M M Detail 3 Net borrowing (-)/lending(+) (EDP B.9) of social security (S.1314) (ESA 95 accounts) (1) Please indicate accounting basis of the working balance: cash, accrual, mixed, other. Note: Member States can adapt tables 2A, B, C and D to their national specificity according to the established practice

7 Table 3A: Provision of the data which explain the contributions of the deficit/surplus and the other relevant factors to the variation in the debt level (general government) Data are in BGN (millions of units of national currency) Net borrowing(+)/lending(-)(edp B.9) of general government (S.13)* 2,198 1, ,178 Net acquisition (+) of financial assets (2) -2, , Currency and deposits (F.2) -1, ,558-1,326 Securities other than shares (F.3) Loans (F.4) Increase (+) Reduction (-) Short term loans (F.41), net Long-term loans (F.42) Increase (+) Reduction (-) Shares and other equity (F.5) Portfolio investments, net (2) Shares and other equity other than portfolio investments Increase (+) Reduction (-) Other financial assets (F.1, F.6 and F.7) ,060 Adjustments (2) 1, Net incurrence (-) of liabilities in financial derivatives (F.34) Net incurrence (-) of other liabilities (F.5, F.6 and F.7) 1, Issuances above(-)/below(+) nominal value Difference between interest (EDP D.41) accrued(-) and paid (4) (+) of which: interest flows attributable to swaps and FRAs Redemptions of debt above(+)/below(-) nominal value Appreciation(+)/depreciation(-) (3) of foreign-currency debt (5) Changes in sector classification (K.12.1) (5) (+/-) Other volume changes in financial liabilities (K.7, K.8, K.10) (5) (-) Statistical discrepancies Difference between capital and financial accounts (B.9-B.9f) Other statistical discrepancies (+/-) Change in general government (S.13) consolidated gross debt (1, 2) 1, , *Please note that the sign convention for net borrowing / net lending is different from tables 1 and 2. (1) A positive entry in this row means that nominal debt increases, a negative entry that nominal debt decreases. (4) Including capital uplift (2) Consolidated within general government. (5) AF.2, AF.33 and AF.4. At face value. (3) Due to exchange-rate movements.

8 Table 3B: Provision of the data which explain the contributions of the deficit/surplus and the other relevant factors to the variation in the debt level and the consolidation of debt (central government) Data are in BGN (millions of units of national currency) Net borrowing(+)/lending(-)(edp B.9) of central government (S.1311)* 1,384 1, ,424 Net acquisition (+) of financial assets (2) -1,476-1,011 1,267-1,020 Currency and deposits (F.2) ,147-1,551 Securities other than shares (F.3) Loans (F.4) Increase (+) Reduction (-) Short term loans (F.41), net Long-term loans (F.42) Increase (+) Reduction (-) Shares and other equity (F.5) Portfolio investments, net (2) Shares and other equity other than portfolio investments Increase (+) Reduction (-) Other financial assets (F.1, F.6 and F.7) Adjustments (2) 1, Net incurrence (-) of liabilities in financial derivatives (F.34) Net incurrence (-) of other liabilities (F.5, F.6 and F.7) 1, Issuances above(-)/below(+) nominal value Difference between interest (EDP D.41) accrued(-) and paid (4) (+) of which: interest flows attributable to swaps and FRAs Redemptions of debt above(+)/below(-) nominal value Appreciation(+)/depreciation(-) (3) of foreign-currency debt (5) Changes in sector classification (K.12.1) (5) (+/-) Other volume changes in financial liabilities (K.7, K.8, K.10) (5) (-) Statistical discrepancies Difference between capital and financial accounts (B.9-B.9f) Other statistical discrepancies (+/-) Change in central government (S.1311) consolidated gross debt (1, 2) 1, , Central government contribution to general government debt (a=b-c) (5) 10,972 11,771 13,914 14,371 Central government gross debt (level) (b) (2, 5) 11,020 11,837 14,027 14,505 Central government holdings of other subsectors debt (level) ( c) (5) *Please note that the sign convention for net borrowing / net lending is different from tables 1 and 2. (1) A positive entry in this row means that nominal debt increases, a negative entry that nominal debt decreases. (4) Including capital uplift (2) Consolidated within central government. (5) AF.2, AF.33 and AF.4. At face value. (3) Due to exchange-rate movements.

9 Table 3C: Provision of the data which explain the contributions of the deficit/surplus and the other relevant factors to the variation in the debt level and the consolidation of debt (state government) Data are in...(millions of units of national currency) Net borrowing(+)/lending(-)(edp B.9) of state government (S.1312)* М М М М Net acquisition (+) of financial assets (2) Currency and deposits (F.2) М М М М Securities other than shares (F.3) М М М М Loans (F.4) М М М М Increase (+) М М М М Reduction (-) М М М М Short term loans (F.41), net М М М М Long-term loans (F.42) М М М М Increase (+) М М М М Reduction (-) М М М М Shares and other equity (F.5) М М М М Portfolio investments, net (2) М М М М Shares and other equity other than portfolio investments М М М М Increase (+) М М М М Reduction (-) М М М М Other financial assets (F.1, F.6 and F.7) М М М М Adjustments (2) Net incurrence (-) of liabilities in financial derivatives (F.34) М М М М Net incurrence (-) of other liabilities (F.5, F.6 and F.7) М М М М Issuances above(-)/below(+) nominal value М М М М Difference between interest (EDP D.41) accrued(-) and paid (4) (+) М М М М of which: interest flows attributable to swaps and FRAs М М М М Redemptions of debt above(+)/below(-) nominal value М М М М Appreciation(+)/depreciation(-) (3) of foreign-currency debt (5) М М М М Changes in sector classification (K.12.1) (5) (+/-) М М М М Other volume changes in financial liabilities (K.7, K.8, K.10) (5) (-) М М М М Statistical discrepancies М М М М Difference between capital and financial accounts (B.9-B.9f) М М М М Other statistical discrepancies (+/-) М М М М Change in state government (S.1312) consolidated gross debt (1, 2) М М М М State government contribution to general government debt (a=b-c) (5) М М М М State government gross debt (level) (b) (2, 5) М М М М State government holdings of other subsectors debt (level) (c) ( 5) М М М М *Please note that the sign convention for net borrowing / net lending is different from tables 1 and 2. (1) A positive entry in this row means that nominal debt increases, a negative entry that nominal debt decreases. (4) Including capital uplift (2) Consolidated within state government. (5) AF.2, AF.33 and AF.4. At face value. (3) Due to exchange-rate movements.

10 Table 3D: Provision of the data which explain the contributions of the deficit/surplus and the other relevant factors to the variation in the debt level and the consolidation of debt (local government) Data are in BGN (millions of units of national currency) Net borrowing(+)/lending(-)(edp B.9) of local government (S.1313)* Net acquisition (+) of financial assets (2) Currency and deposits (F.2) Securities other than shares (F.3) Loans (F.4) Increase (+) Reduction (-) Short term loans (F.41), net Long-term loans (F.42) Increase (+) Reduction (-) Shares and other equity (F.5) Portfolio investments, net (2) Shares and other equity other than portfolio investments Increase (+) Reduction (-) Other financial assets (F.1, F.6 and F.7) Adjustments (2) Net incurrence (-) of liabilities in financial derivatives (F.34) М M M М Net incurrence (-) of other liabilities (F.5, F.6 and F.7) Issuances above(-)/below(+) nominal value Difference between interest (EDP D.41) accrued(-) and paid (4) (+) of which: interest flows attributable to swaps and FRAs Redemptions of debt above(+)/below(-) nominal value Appreciation(+)/depreciation(-) (3) of foreign-currency debt (5) Changes in sector classification (K.12.1) (5) (+/-) Other volume changes in financial liabilities (K.7, K.8, K.10) (5) (-) Statistical discrepancies Difference between capital and financial accounts (B.9-B.9f) Other statistical discrepancies (+/-) Change in local government (S.1313) consolidated gross debt (1, 2) Local government contribution to general government debt (a=b-c) (5) Local government gross debt (level) (b) (2, 5) Local government holdings of other subsectors debt (level) (c) (5) *Please note that the sign convention for net borrowing / net lending is different from tables 1 and 2. (1) A positive entry in this row means that nominal debt increases, a negative entry that nominal debt decreases. (4) Including capital uplift (2) Consolidated within local government. (5) AF.2, AF.33 and AF.4. At face value. (3) Due to exchange-rate movements.

11 Table 3E: Provision of the data which explain the contributions of the deficit/surplus and the other relevant factors to the variation in the debt level and the consolidation of debt (social security funds) Data are in BGN (millions of units of national currency) Net borrowing(+)/lending(-)(edp B.9) of social security funds (S.1314)* Net acquisition (+) of financial assets (2) Currency and deposits (F.2) Securities other than shares (F.3) Loans (F.4) Increase (+) Reduction (-) Short term loans (F.41), net Long-term loans (F.42) Increase (+) Reduction (-) Shares and other equity (F.5) Portfolio investments, net (2) Shares and other equity other than portfolio investments Increase (+) Reduction (-) Other financial assets (F.1, F.6 and F.7) Adjustments (2) Net incurrence (-) of liabilities in financial derivatives (F.34) М М M М Net incurrence (-) of other liabilities (F.5, F.6 and F.7) Issuances above(-)/below(+) nominal value Difference between interest (EDP D.41) accrued(-) and paid (4) (+) of which: interest flows attributable to swaps and FRAs Redemptions of debt above(+)/below(-) nominal value Appreciation(+)/depreciation(-) (3) of foreign-currency debt (5) Changes in sector classification (K.12.1) (5) (+/-) Other volume changes in financial liabilities (K.7, K.8, K.10) (5) (-) Statistical discrepancies Difference between capital and financial accounts (B.9-B.9f) Other statistical discrepancies (+/-) Change in social security (S.1314) consolidated gross debt (1, 2) Social security contribution to general government debt (a=b-c) (5) Social security gross debt (level) (b) (2, 5) Social security holdings of other subsectors debt (level) (c) (5) *Please note that the sign convention for net borrowing / net lending is different from tables 1 and 2. (1) A positive entry in this row means that nominal debt increases, a negative entry that nominal debt decreases. (4) Including capital uplift (2) Consolidated within social security. (5) AF.2, AF.33 and AF.4. At face value. (3) Due to exchange-rate movements.

12 Table 4: Provision of other data in accordance with the statements contained in the Council minutes of 22/11/1993. Statement Number Data are in BGN (millions of units of national currency) final final half-finalized half-finalized forecast 2 Trade credits and advances (AF.71 L) 1,358 1,303 1,321 1,174 L 3 Amount outstanding in the government debt from the financing of public undertakings Data: L Institutional characteristics: 4 In case of substantial differences between the face value and the present value of government debt, please provide information on i) the extent of these differences: ii) the reasons for these differences: 10 Gross National Income at current market prices (B.5*g)(2) 69,107 72,747 76,721 L L (1) Please indicate status of data: estimated, half-finalized, final. (2) Data to be provided in particular when GNI is substantially greater than GDP.