Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Country has stable fiscal reserves: Kiril Ananiev, outgoing finance minister

Kiril Ananiev in parliament
Photo: BGNES

“A budget update will only be necessary if the pandemic situation worsens,” outgoing finance minister Kiril Ananiev stated in parliament.

The government has given 2.6 billion euro for the fight against Covid-19 in the period from the start of the crisis until 31 March, 2021. 920 million euro was spent to support households, 1.13 billion euro - for businesses, and 560 million for the people directly involved in the fight to check the pandemic.

There are fiscal reserves amounting to 4.35 billion euro, 1.8 billion of which is the money from the “silver” retirement fund. During the first quarter of 2021 the treasury had a deficit of 0.5% of the GDP. The national plan for the introduction of the euro is at an advanced stage so as to keep the 30 June, 2021 deadline for its completion, Kiril Ananiev said, and added that the indicative date for membership of the monetary union remains 1 January, 2024.



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

The Netherlands remains the most attractive study destination for Bulgarian students

The interest of young Bulgarians in studying abroad has risen sharply , with a 30% increase compared to last year. In addition, the number of students leaving for the academic year 2024-2025 has increased by about 11%. This is what Kristina Bozhilova,..

published on 10/1/24 4:08 PM

Rumen Radev: Ending the violence in the Middle East requires international action

Our most important task at the moment is to ensure the safe return of all Bulgarian citizens who wish to be evacuated from Lebanon, President Rumen Radev told journalists in Burgas.  Noting that the escalation of the conflict in the Middle East had..

published on 10/1/24 2:28 PM

Half of young people fear financial problems, 25% are afraid of failing at work

Half of young people in Bulgaria with a monthly income of more than EUR 1 000 are afraid of financial problems , according to a representative survey by Trend. The "Young People in Bulgaria - Mental Risks, Challenges and Perspectives" survey was..

published on 10/1/24 1:27 PM