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 to receive two F-16 Block 70 aircraft “very soon”, says Bulgarian Air Force commander

Two more F-16 Block 70 aircraft are expected to arrive in Bulgaria very soon. This was announced by the commander of the Air Force, Major General Nikolay Rusev, in front of journalists. So far, Bulgaria has received four F-16 Block 70 aircraft..

published on 10/16/25 3:00 PM

Bulgarian President Radev will no longer use National Guard Service transport

Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted that forces people to do state work in their personal cars, I will stand in solidarity with them,” he..

published on 10/16/25 2:53 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM