Text size

Drop in budget revenue due to lower fuel prices

published on 4/26/20 3:53 PM

Photo: BGNES

"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel. Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert Martin Vladimirov from the Center for the Study of Democracy told the BNR.

The negative effects on the Bulgarian economy come because of the much lower budget revenues from VAT and excise duties, the expert said. In Bulgaria, fuels annually account for about 30% of VAT revenues. The decline in May and June is estimated at between 30 and 35%, which is a serious shock to the budget, Vladimirov commented.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News diesel excise duty fuel prices gasoline state budget VAT

More from category

Yordanka Hristova embarks on a Goodbye tour in the USA and Canada

After six decades on stage, pop singer Yordanka Hristova is embarking on a Goodbye tour in the USA and Canada, although she is not ending her career, reports BG Voice. "I want to perform in all the towns while I am still in good shape, not only in..

published on 2/15/25 10:11 AM

The town of Apriltsi hosts the Festival of Bacon and Mulled Rakia

Today and tomorrow, the town of Apriltsi, located in the Balkan Mountains, is hosting the traditional Festival of Bacon and Mulled Rakia, which brings together thousands of tradition enthusiasts, reported BNR correspondent Plamen Hristov. Visitors..

published on 2/15/25 10:00 AM

Temperatures will drop over the weekend with light rain and snow showers expected

On Saturday it will be mostly cloudy with occasional sunny spells in the Upper Thracian Lowlands. In eastern Bulgaria there will be light to moderate east-northeasterly winds. Minimum temperatures will be between minus 1° and 4°C, around minus 1° in..

published on 2/14/25 7:05 PM