Text size

Bulgaria's Finance Minister presents the parameters of Budget 2024

published on 11/10/23 7:14 PM

Assen Vassilev

Photo: BTA

Bulgaria's Minister of Finance Assen Vassilev presented the draft of the state budget for 2024. It foresees a GDP growth of 3.2% and an average annual inflation of 4.8%, and according to estimates, it should fall to 3% at the end of 2024.

A minimum salary of 933 BGN /477.04 EUR/, an increase in pensions by 11% according to the Swiss rule, are drafted. Higher health care costs due to the increased average wage are also accounted for.

Defence spending is just over 2% of the GDP. Revenues of BGN 77.6 billion (EUR 39.68 billion) and expenditures of BGN 83.8 billion (EUR 42.85 billion) are expected.

The public debt is expected to remain more or less at the same levels as a percentage of the GDP, or 23.8%.

The discussion of the budget of the National Council for Tripartite Cooperation and its adoption by the Council of Ministers is pending, after which it will be voted on in the parliament./MI

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Assen Vassilev budget finance state budget

More from category

No leakage of radioactive water from Kozloduy NPP into the Danube after an incident

After an accident that took place when Unit 6 of the Kozloduy NPP was shut down for repairs, no personnel were exposed to radiation, no leakage of radioactive water into the Danube River occurred, and some operators from the plant..

published on 6/27/24 3:32 PM

PP-DB do not see chance for a cabinet within this parliament

PP-DB have doubted the possibility of the 50th National Assembly to produce a government. At a briefing on the sidelines of the parliament, the co-chairman of the coalition Asen Vassilev rejected the possibility of "returning the..

published on 6/27/24 2:43 PM

Georgi Kadiev: I would rather expect us to enter the Eurozone in 2027

Until the average income of the population reaches 80% of the European average, we should not enter the euro area. Inflation goes along with it and there must be some reserves, Georgi Kadiev, former Deputy Minister of Finance, part of..

published on 6/27/24 1:57 PM