It is achievable to keep to a deficit of 3 percent, Petar Ganev, senior researcher at the Institute for Market Economy has told BNR. "We don't have pitfalls in the budget that are insurmountable. With a strict position of the finance minister, this could be done," Ganev said and warned that VAT collection was extremely tense in the 2023 budget.
"Between the first and second reading of the budget, there are over 80 proposals for amendments from the opposition and those supporting the cabinet. There will be some changes. They will probably be in the direction of raising salaries in certain institutions and raising some social payments but the amount will not change the overall framework," the economist says. A deficit of 3% for the next budget in 2024 is on the verge of being possible, Ganev warned.
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
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