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

GERB, MRF and PP/DB reach agreement on national budget and on Russian oil

L-R: Assen Vassilev (PP/DB), Temenuzhka Petkova (GERB), Jordan Tzonev (MRF), Desislava Atanasova (GERB) giving a briefing, 17, November, 2023
Photo: BGNES

The parliamentary groups of We Continue the Change/Democratic Bulgaria (PP/DB), GERB/SDS and the Movement for Rights and Freedoms (MRF) reached agreement on the parametres of the national budget for 2024, at a meeting attended by Finance Minister Assen Vassilev (PP/DB). The principal change is that the budget expenditure will be cut down by 2.4 billion Leva (a little over EUR 1.2 billion), the planned sum that should come from Gazprom for the transit of Russian gas. This will make the budget more realistic.

Agreement was also reached that the derogation for Russian oil shallbe abolished in two steps – as of 1 January when the export quotas will be done away with, and as of 1 March when the derogation will be scrapped altogether.

On Wednesday, 22 November, GERB/SDS and the MRF are going be in parliament and are going to vote against the motion of no confidence in the government of Nikolai Denkov, submitted by the opposition over national security and defence.



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

President Radev thanks South Africa for lifting short-term visas for Bulgarians

President Rumen Radev has sent a letter to President Cyril Ramaphosa expressing his gratitude for the decision of the Republic of South Africa to lift visa requirements for short-term stays for Bulgarian citizens. Radev..

published on 10/22/25 10:23 AM

GERB-SDS and DPS-New Beginning agree on full cabinet mandate

At a meeting in parliament in the presence of the party leaderships, the GERB-SDS coalition and the DPS-New Beginning party agreed on a full mandate to govern and fulfil the commitments for Bulgaria’s Euro-Atlantic orientation. This..

published on 10/22/25 9:53 AM

Bulgaria remains among the EU countries with the lowest debt

On October 21, the Ministry of Finance assumed domestic debt and sold government securities for 145 million euros with 3-year maturity. In 2025, the state assumed domestic debt of 1.45 billion euros. Debt of 7.2 billion euros was..

published on 10/22/25 9:19 AM