Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive contribution of domestic demand, while net exports and changes in inventories are expected to make a negative contribution. Real GDP growth is projected to accelerate to 3.2 per cent in 2025 before moderating to 2.9 per cent in 2026, with this dynamics being largely driven by the set profile of public investment and related imports. The BNB’s forecast from March projected an economic growth for this year of 2.2%, and 3.4% for next year. The main drivers for the revision in the GDP forecast and its main components are related to incoming additional reporting data on economic activity in the first quarter of 2024 and in April–May 2024. According to the technical assumptions, the growth of external demand for Bulgarian goods and services in 2024 will be lower than projected in the March 2024 macroeconomic forecast.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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