Minister of Finance Kiril Ananiev described the budget for 2021 as “anti-pandemic”.
“It has clear priorities targeted most of all at measures for overcoming the consequences of the crisis,” he said for BNR’s Horizont channel, adding that over 3 billion Leva had been earmarked for the purpose, of which 576 million for businesses.
“We have decided structural elements, the budget is balanced between the Covid-measures and the need to reform the individual systems,” Minister Ananiev said.
He explained that until December this year, the financing of the budgets of all ministries and institutions will be 95%, with a 5% buffer which will be used in the event of “force majeure” in the healthcare system.
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
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