ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2024 All Rights Reserved

The BNB recommends a 10% buffer in the 2024 budget

Dimitar Radev
Photo: BTA

GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank (BNB), published in the latest issue of the quarterly "Macroeconomic Forecast". 

The November growth estimate has been revised upwards by 0.9 per cent compared to the previous analysis in June. GDP growth is expected to reach 2.7 per cent in 2024 and 3.6 per cent in 2025, with the November estimate revised downwards by 0.5 per cent from the June forecast. The pessimistic prognosis reflects the risks posed by global geopolitical conflicts and rising wage costs.

BNB governor Dimitar Radev recommended that the 2024 budget include a 10% buffer, which, if not spent during the year, would be spent in the last quarter of 2024.

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.
Radio Bulgaria Economy    2024 BNB buffer Bulgarian National Bank Dimitar Radev prognosis reccomendations

More from category

Businesses expect the authorities to streamline the process of importing of foreign workers

The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..

updated on 6/14/24 12:03 PM

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM
Dimitar Glavchev (L) and Jeyhun Bayramov (R)

Bulgaria is interested in joining as a co-shareholder in a green energy corridor from Azerbaijan to Europe

Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..

published on 6/11/24 5:26 PM

WEATHER
Pick city: Sofía
Clear
Min: 17 | Max: 34
Clear
Min: 19 | Max: 29
Clear
Min: 19 | Max: 30
Clear
Min: 15 | Max: 35
Clear
Min: 20 | Max: 34
Clear
Min: 17 | Max: 35
Clear
Min: 16 | Max: 34
Clear
Min: 12 | Max: 32
Clear
Min: 17 | Max: 33
Clear
Min: 15 | Max: 34
Clear
Min: 17 | Max: 36
Clear
Min: 19 | Max: 35
Clear
Min: 16 | Max: 35
Clear
Min: 14 | Max: 31
Clear
Min: 17 | Max: 36
Clear
Min: 16 | Max: 35
Clear
Min: 18 | Max: 33
Clear
Min: 19 | Max: 37
Clear
Min: 19 | Max: 34
Clear
Min: 17 | Max: 33
Clear
Min: 13 | Max: 30
Clear
Min: 17 | Max: 32
Clear
Min: 16 | Max: 35
Clear
Min: 16 | Max: 33
Clear
Min: 15 | Max: 35
Clear
Min: 15 | Max: 34
Clear
Min: 15 | Max: 35
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..

published on 7/5/24 1:44 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"