The revenues under the consolidated fiscal programme (CFP) of the Bulgarian government totalled BGN 46.5bn as of end-August (64.8% of the annual estimates). Compared to the same period of 2023, they increased by BGN 4bn (+9.5% YoY) in nominal terms. Tax proceeds amounted to BGN 37.5bn, while non-tax and grant and donation proceeds (mostly EU programme and fund grants) amounted to BGN 6.5bn and BGN 2.5bn, respectively. CFP expenditures, including the contribution of Bulgaria to the EU budget for August 2024, amounted to BGN 48.2bn, which accounts for 59.1% of the annual estimates. The CFP budget balance on a cash basis as of end-August 2024 was negative, amounting to BGN 1.7bn (0.8% of GDP). As of 31.08.2024, the fiscal reserve amounted to BGN 10.7bn. *Ministry of Finance 2024 GDP forecast of BGN 205.8bn.