Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Balance of Bulgaria’s state budget to remain positive by end 2020: expert

Petar Ganev
Photo: BGNES-archive

A surplus to the tune of EUR 450 million has been registered in Bulgaria’s state budget in the first nine months of 2020. A lot of money is to be spent in the last months of 2020 for another consecutive year. The big surplus is due to capital expenditure. Therefore, it does not seem to me that there will be serious amendment to the state budget, Petar Ganev from the Institute for Market Economics commented for BNR.

Petar Ganev predicted that it is unlikely that the European Union will suspend EU funds for Bulgaria in 2021. On the opposite, more money is to be absorbed in this period in response to the coronavirus crisis, the expert contends. However, the budget deficit will be higher due to the measures adopted against the Covid-19 crisis. 




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Protest against the adoption of the euro to be held on February 22

The Vazrazhdane parliamentary party is organizing a protest on February 22 in front of the Bulgarian National Bank against Bulgaria's entry into the Eurozone and for preserving the Bulgarian lev.  Other parties and civil organizations are expected..

published on 2/18/25 5:10 PM

Ex-PM Boyko Borisov: Not a single Bulgarian soldier will go to Ukraine

No Bulgarian soldier will go to Ukraine. This was stated by GERB leader and ex-premier Boyko Borisov in a video statement on his Facebook page. He pointed out that this was a decision of GERB and the party's parliamentary group from June 2024 and is..

published on 2/18/25 3:32 PM
At the official opening of the 10th International Agricultural Exhibition AGRA in Plovdiv

4% of Bulgaria's GDP is created by the agricultural sector

The agriculture sector in Bulgaria maintains its stability, providing employment to 6% of the population and forming about 4% of the country's GDP. This is shown by current data on the state of the sector, presented by the Minister of Agriculture..

published on 2/18/25 3:14 PM