In accordance with Art. 12, para 1, item 6 of the Law on Bank Deposit Guaranty the Governing Council of the Bulgarian National Bank in a decision of 15 January 2009 approved the Administrative Expenses Budget of the Bulgarian Deposit Insurance Fund for the year 2009. The overall 2009 BDIF budget totals BGN 1,807,500.

I. General Administrative Costs	1 707 500
I. 1. Office Maintenance	101 500
І. 2. Hired Services	386 500
І. 3. Personnel Remuneration	735 000
І. 4. Social Security Contributions and Bonuses	346 000
І. 5. Other Expenses	138 500
ІІ. Total Financial Expenses	30 000
ІІІ. Extraordinary Expenses	–
ІV. Expenses on Acquiring Tangible and Intangible Assets	70 000
TOTAL (I+II+III+IV)	1 807 500

The 2009 BDIF Budget provides the resources necessary for the effective implementation of the statutory functions of the BDIF and the accomplishment of the targeted aims in the year 2009, ensuing from the pending amendments to Directive 94/19/EC on deposit-guarantee schemes, as well as BDIF role as a financial safety net player.

The major aims BDIF has set for 2009 are:

1. Reduction of the deadline for repayment of guaranteed deposit amounts in compliance with the shortened deadline envisaged in the amendments to the Directive;

2. Development of a database for analysis of the different levels of guarantee ensuing from the expected increase of guarantee to EUR 100,000; and

3. Elaboration of rules and procedures related to BDIF powers under the Law on Credit Institutions regarding BDIF participation in the capital increase of an ailing bank.