ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2025 All Rights Reserved

IMF approves Bulgaria's higher spending due to pandemic

Photo: EPA/BGNES

The International Monetary Fund has approved higher spending by the Bulgarian government in response to the Covid-19 crisis, BNR reports. At the end of its regular mission, the IMF experts also noted that the transparency of extraordinary expenses could be improved by publishing a subsequent evaluation of anti-crisis policies and the funds spent on them.
According to the current IMF forecasts, the Bulgarian economy will shrink more than the expected 4% according to the report on the World Economic Outlook from October 2020.
Unemployment is expected to rise, but, thanks to support with various measures, it will not be very sharp. According to the fund, there will be an increase in non-performing loans in Bulgaria, whose level before the crisis was higher than the European average.
Income inequality is still a very serious problem for the country, the IMF said. According to the fund, the higher spending in the social sphere for 2021 may be beneficial, but a comprehensive reform in the social sphere is needed. More funds need to be invested in education, the IMF said.

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.
Radio Bulgaria News    Covid-19 IMF International Monetary Fund social spending

More from category

Premier Zhelyzakov: The governance program is ready and will be reviewed in the next days

"The governance program will be discussed later this week at a meeting of the Council of Ministers, and I hope it will address all questions and expectations from the public'', announced Prime Minister Rosen Zhelyazkov. He also commented on the..

published on 2/19/25 12:07 PM
Premier Rosen Zhelyazkov

Premier Zhelyazkov to participate at the European meeting on Ukraine via videoconference

On February 19,  Bulgaria’s Premier Rosen Zhelyazkov will participate in the second emergency meeting on Ukraine, hosted by French President Emmanuel Macron, the Bulgarian government said in a press release. Bulgaria received an invitation from..

published on 2/19/25 10:14 AM

The topic of the so-called ''Shopi nation'' was discussed in Bosilegrad

A forum was held at the BTA press club in Bosilegrad, provoked by the attempts to promote the so-called ''Shopi nation'' in the Western Outlands. MPs, diplomats and representatives of the academic community from Bulgaria took part in the discussion...

published on 2/19/25 9:51 AM

WEATHER
Pick city: Sofía
Partly Cloudy
Min: -11 | Max: -2
Partly Cloudy
Min: -6 | Max: 0
Partly Cloudy
Min: -6 | Max: 0
Clear
Min: -11 | Max: -1
Partly Cloudy
Min: -13 | Max: -2
Mostly Cloudy
Min: -11 | Max: -5
Partly Cloudy
Min: -12 | Max: -6
Partly Cloudy
Min: -11 | Max: -5
Partly Cloudy
Min: -9 | Max: -2
Partly Cloudy
Min: -14 | Max: -4
Partly Cloudy
Min: -11 | Max: -6
Clear
Min: -12 | Max: -2
Partly Cloudy
Min: -8 | Max: -1
Partly Cloudy
Min: -13 | Max: -4
Mostly Cloudy
Min: -10 | Max: -5
Partly Cloudy
Min: -7 | Max: 0
Partly Cloudy
Min: -11 | Max: -5
Mostly Cloudy
Min: -10 | Max: -6
Mostly Cloudy
Min: -10 | Max: -5
Partly Cloudy
Min: -10 | Max: -3
Partly Cloudy
Min: -13 | Max: -9
Partly Cloudy
Min: -12 | Max: -3
Partly Cloudy
Min: -10 | Max: -2
Partly Cloudy
Min: -12 | Max: -6
Partly Cloudy
Min: -10 | Max: -3
Mostly Cloudy
Min: -10 | Max: -5
Partly Cloudy
Min: -9 | Max: -3
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

"Agra 2025" brings science and practice together at International Fair Plovdiv

The latest technological solutions, products and projects in the field of agriculture and agro-industry will be presented at the "Agra..

published on 2/18/25 7:05 AM

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..

published on 2/18/25 5:10 PM

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..

published on 2/18/25 3:14 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"