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

Finance Minister: Budget 2023 is feasible, does not cut social expenditure

Photo: Maria Fileva

The 2023 state budget does not tighten belts and does not cut social costs, Bulgaria’s Minister of Finance Assen Vassilev said for the BNR. We manage to collect taxes and maintain social spending without raising taxes. We inherited from the caretaker cabinet a deficit of EUR 600 million at the end of May, and in June there is a surplus of EUR 100 million, Assen Vassilev explained.

The targeted GDP growth of 1.8% will be achieved. There are no concerns that the budget deficit will exceed 3%. "The budget framework is going to withstand unless a second Chernobyl happens at the Zaporizhzhia NPP. Any requests for wage increases lead to new demands. Money should not be poured into unreformed sectors. If MPs support pay rises in some sectors, that is their decision”, Minister Vassilev added.




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

Bulgaria calls for the construction of a bridge over the Danube at Silistra–Călărași

''Only two bridges connect Bulgaria and Romania along our 475-kilometer shared river border – this is a transport shortfall and a new 'Iron Curtain' within the European Union'', said Bulgaria’s Deputy Premier and Minister of Transport and..

published on 10/17/25 9:05 AM

Cloudy weather, rainfall expected in Bulgaria on Friday

On Friday, the minimum temperatures in Bulgaria will be from 6 to 11°C, in Sofia – 7°C.  During the day, it will be cloudy over most of the country. In the afternoon, rain will begin in Western Bulgaria, in the mountains above 2,000 meters - snow, and..

published on 10/16/25 7:25 PM

South Africa introduces visa-free regime for Bulgarians for stays of up to 90 days

The government of South Africa is introducing a visa-free regime for Bulgarian citizens holding ordinary passports for stays of up to 90 days , the Embassy of Bulgaria in Pretoria announced on its Facebook page. “We express our gratitude to the..

published on 10/16/25 4:16 PM