Podcast in English
Text size
Bulgarian National Radio © 2024 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

Ivan Kondov

Good neighbourly relations are essential in the EU enlargement process

European integration is the best way to guarantee and promote peace, security, democracy, human rights and the rule of law in the interest of the citizens of the countries part of the enlargement process. This position was expressed..

published on 9/28/24 9:55 AM

Bulgarian literature on the international stage is the topic of a conference in Sofia

A conference dedicated to path of Bulgarian literature to the international stage will take place on September 28 at the Hyperspace Social Tech Hub in Sofia. The event is part of the "Autumn Studio for Literary Translation", according..

published on 9/28/24 9:10 AM

Bulgaria marks Day of Organic Agriculture

Bulgaria marks the Day of Organic Agriculture. In the EU, just 10.4% of production is organic, and in Bulgaria it is just 2-2.2%, Nadezhda Shopova from the Institute for Climate, Atmosphere and Water Research at the Bulgarian Academy..

published on 9/28/24 8:30 AM