The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026.
The draft law foresees a deficit of 3% and economic growth of 3.2%. Average annual inflation is expected to be 4.8 per cent and GDP to be EUR 102.6 billion.
Prime Minister Nikolai Denkov described the 2024 budget as "very well prepared" and "balanced" and said he felt "comfortable" that it would be adopted on time.
Investment of 10 billion euro and an 11 per cent increase in incomes, including pensions, are planned, Finance Minister Assen Vassilev said. The amount of new public debt that can be contracted has been reduced by 500 million euros to 6.3 billion euros. The budget will be submitted to Parliament for consideration next week.
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
With a growth of 2.2 percent, Bulgaria is among the top 6 countries in the EU, Caretaker Minister of Economy Petko Nikolov reported..
Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the..
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