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

2023 state budget concept sets down 3% deficit

Minister of Finance Rositza
Photo: BGNES

The Ministry of Finance presented a concept for a 2023 draft budget with a 3% deficit.

The draft sets down a 10% increase in budgetary sector salaries in the sectors in which this has not yet been done. The draft also envisages the imposition of excess profits tax – a single solidarity contribution for the second quarter of 2023, as well as the reinstatement of some of the VAT rates that were reduced during the Covid-19 pandemic, with the exception of  VAT on bread, flour, baby foods and books, restriction of business trips and representation expenditure, raising excise duty on e-cigarettes.

The draft was approved at today’s government sitting.



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

Authorities announce intermittent traffic closures on Danube bridge near Ruse due to road works

On Wednesday 30 April, between 8am and 5pm, traffic on the Danube bridge near Ruse will be stopped periodically at short intervals, the Road Infrastructure Agency (RIA) announced. The temporary restriction is due to asphalt paving work on a closed 413..

published on 4/29/25 2:58 PM

Farmers' union urges action to support agriculture

In an open letter to Prime Minister Rosen Zhelyazkov and the Ministers of Agriculture, Finance and Economy, the Bulgarian Farmers' Union calls for new financial mechanisms to support, revitalise and stimulate Bulgarian agriculture . The appeal is driven..

published on 4/29/25 2:36 PM

NSI: Bulgaria's population continues to shrink

Bulgaria's population was 6,437,360 at the end of 2024, down by 8,121 people (0.13%) from the previous year, according to the National Statistical Institute. All 28 regions recorded negative natural growth. As of December 31, 2024, there were..

published on 4/29/25 1:43 PM