The Ministry of Finance has published the draft of the State Budget Act for 2023. It envisages that at the end of the year inflation will be 5.6%. The projected GDP growth is 1.8 percent, relying on rise in exports and consumption. The deficit is 3%. The minimum monthly salary is raised from 357 euros to 392 euros from January 1, 2023. Pensions rise on July 1 by 12 percent.
Until 2025, no increase in taxes and social security contributions is foreseen, but improvement in revenue collection is expected. Revenues are expected to reach EUR 34,911 billion. Expenditures are EUR 37,212 billion or 40.1% of GDP.
The budget is expected to be adopted by the government by the end of June, to pass through parliament in July and to come into effect on August 1.
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..
"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have cheap fuel", the leader of DPS-New Begining Delyan Peevski told journalists in parliament...
A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news that he was launching his own cryptocurrency, called $TRUMP. A precedent that provoked many questions..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
Значителна облачност със сняг
Rain / Snow
Snow
Wet snow