Text size

Finance Minister: The budget will last all year, regardless of who is in power

published on 12/24/20 9:51 AM

Finance Minister Kiril Ananiev

Photo: Press Office of Ministerial Council

No matter which government will be in power, the new budget will last, even if the epidemic gets worse. This position was expressed by Bulgaria's Finance Minister Kiril Ananiev in an interview for BNT. He believes that the budget has no alternative.

"We have saved thousands of people, and in some cases hundreds of thousands," the minister said, referring to the support measures for businesses and employees affected by the crisis.

"If the measures did not exist, Bulgaria would be at the level of Western European countries with a budget deficit of over 10%," he said, stressing that Bulgaria's deficit is the lowest in the EU.

Kiril Ananiev predicts that Bulgaria will enter the eurozone in 2024 at the latest.

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

Radio Bulgaria Economy Finance Minister Kiril Ananiev measures state budget

More from category

The five largest Indian IT companies already have offices in Bulgaria

Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..

published on 10/31/24 5:48 PM

A Bulgarian-Czech Chamber of Commerce established in Sofia

On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..

published on 10/31/24 1:54 PM

The model of EU subsidies distorts agricultural production in Bulgaria, the director of the Institute of Agrarian Economics says

In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..

published on 10/31/24 9:39 AM