Quarterly Non-Financial Accounts of General Government

National Statistical Institute

Non-financial National and Regional Accounts

Elena Bakalova

Polia Varbanova

Yuliya Panayotova

Chief specialist

Chief expert

State expert

2 P. Volov Str., Sofia 1038

[email protected]

[email protected]

[email protected]

+359 2 9857 540

+359 2 9857 538

+359 2 9857 737

Quarterly non - financial accounts of sector General Government present economic activity of the Government. Data are comparable to annual data of sector General Government and other European countries in accordance with ESA 2010.

European System of Accounts, 2010 (ESA2010)

According to ESA 2010 sector General Government includes three sub-sectors: Central Government, Local Government and Social Security Funds.

Bulgaria has an obligation to provide statistical information to Eurostat regarding the quarterly transactions of sector General government in accordance to the European System of Accounts (ESA2010) and corresponding to requirements of Regulation 264/2000 of February 3, 2000 and the European Commission Regulation 1221/2002 of European Parliament and Council of June 10, 2002. Eurostat prepare and publish the Guide for quarterly non-financial accounts for general government, which complements the Manual of management taxes and social payments on a quarterly basis.

General government includes three sub-sectors in accordance with ESA 2010: Central government - S.1311 (includes all entities which annual reports are included in the Government budget; Bulgarian Academy of Sciences; Bulgarian National TV; Bulgarian National Radio; extra-budgetary accounts of central government; hospitals, funded from the central government and other institutional entities with separate budgets), Local government - S.1313 (includes all municipalities; hospitals, financed by them and extra-budgetary accounts and funds to municipalities) and Social security funds - S.1314 (includes National Insurance Institute and the National Health Insurance Fund).

The main source of statistical information on quarterly financial indicators general government accounts is the execution of the consolidated fiscal program provided by the Ministry of Finance. Reports on implementation of the consolidated fiscal program prepared in accordance with national budget classification.

Institutional unit under the ESA 2010 budgetary units, non-financial entities reclassified in GG

Economic territory of the country

Bulgaria

from 1995 (Infostat)

Million BGN

Quarterly

· Commission Regulation (EC) No 264/2000 of 3 February 2000 on the implementing Council Regulation (EC) No 2223/96 with respect to short-term public finance statistics

· 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

ESA2010 Transmission Program

· 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 the statistical information is pointed in the Calendar presenting the results of the statistical surveys of NSI. Quarterly non-financial indicators concerning sector General Government are published three months after the reporting period.

The calendar is available on the NSI website: https://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.

Quarterly

Not applicable.

Data are available to all users of the NSI website under the heading Government Finance Statistics - Quarterly non-financial accounts of General government: https://www.nsi.bg/en/node/5289

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

· Manual on compilation of taxes and social payments on a quarterly basis

· Manual on quarterly non-financial accounts for general government

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

European statistics code of practice for the national and community statistical authorities

Monitoring on the Eurostat for the data quality of the General Government

T + 90 days after reference period

The additional information for the General Government is available in the other sections on Government Finance Statistics

Quarterly data for general government sector are revised in following cases:

· when provide new quarter and if necessary up-dated data for previous quarters incorporated on new additional information, reclassification and other improvements;

· when the annual data becomes available, because the quarterly data reported earlier than the annual data;

· in March and September, when quarterly data has to be adjusted in accordance with the notifications tables of the excessive deficit procedure;

· planed methodological revisions.

Quarterly data for general government sector are revised in following cases:

• when provide new quarter and if necessary up-dated data for previous quarters incorporated on new additional information, reclassification and other improvements;
• when the annual data becomes available, because the quarterly data reported earlier than the annual data;
• in March and September, when quarterly data has to be adjusted in accordance with the notifications tables of the excessive deficit procedure;
• planed methodological revisions.

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.

Quarterly

Exhaustively for all units of General Government

Implemented validation procedures for assess data quality.

Implemented validation procedures assess data quality.