Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Caretaker Minister of Finance: We need to reduce costs and stabilize the budget’s revenue side

Caretaker Minister of Finance Rositsa Velkova
Photo: Maria Fileva

We need to reduce costs and stabilise the budget’s revenue side, because at some point we may face liquidity shortage, caretaker Minister of Finance Rositsa Velkova said an in interview for the BNR

The Finance Ministry has prepared three versions of the state budget, but the one that will be coordinated with the ministries, employers and trade unions envisages a deficit of 6.6%. "It is formed while maintaining all existing policies and regulations without changing the budgets’ revenue and expenditure sides", Minister Velkova explained. Rositsa Velkova said that Bulgaria’s budget will end 2022 with a 5.4% deficit on an accrual basis and a 3.4% deficit on a cash basis.




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

UK includes Bulgarian criminals in the "Deportation Now" scheme

Bulgarian citizens with criminal charges will be deported from the UK without the right to appeal the decision before expulsion . Bulgaria is among 15 countries added to a system called "Deportation Now, Appeal Later", BNR Horizont reported...

published on 8/11/25 6:15 PM

The Holy Trinity church in Madison is hosting its sixth annual Bulgarian festival

The Holy Trinity Bulgarian Orthodox Church in Madison, Illinois, is hosting the Sixth Annual Bulgarian Festival and invites the local Bulgarian community to join in the celebration. The event will take place on Sunday, September 28, from 12:00 p.m. to..

published on 8/11/25 4:33 PM

Consumer basket rises by 51 euro cents over the week

The prices of several essential foods increased last week . Items such as pork, yoghurt, cheese, oil, and certain fruits and vegetables—including tomatoes and cucumbers—became more expensive. As a result, the consumer basket rose by 1 lev (0.51 euro),..

published on 8/11/25 4:09 PM