The state budget surplus has melted away by almost 150 million euro in the space of one month. At the end of September, it was more than half a billion euro, at the end of October it stands at 362.5 million euro.
According to the Ministry of Finance, the main reason for this are the social and health insurance payments. As of 1 October, the monthly supplement for pensioners went up from 25 to 60 euro. With health insurance costs, the sums have dwindled because of the efforts to contain the pandemic and the mechanisms for financing medical establishments in the conditions of the extraordinary epidemic situation.
And while, as is usual, the growth in expenditure has been increasing in recent months, the growth of the revenue collected has begun to slow down. A monthly deficit of 171.5 million euro is even expected in October.
As of the end of September there was 5.1 billion euro in the fiscal reserve.
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka Petkova announced at the beginning of an extraordinary meeting of the Council of Ministers. She..
Prime Minister Rosen Zhelyazkov reaffirmed Bulgaria's support for the independence, sovereignty and territorial integrity of Ukraine. He participated in the summit initiated by Ukrainian President Volodymyr Zelenskiy to mark the third anniversary of..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for Ukrainian agricultural products, said Hungary's Minister of Agriculture, István Nagy, as cited by BTA...
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
On Monday, the lowest temperatures will range from minus 15°C to minus 10°C, higher in Western Bulgaria, for Sofia around minus 4°C. In the morning,..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
+359 2 9336 661