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. In 2020 it stood at 3.8% of GDP, in 2021 it reached 3.9% of GDP and in 2022 it shrank to 2.9% of GDP.
Bulgaria's public debt in 2023 amounted to EUR 21.439 billion or 22.9% of the country's GDP, after shrinking to 22.5% of GDP in 2022, the National Statistical Institute reports.This is one of the lowest debt ratios among EU countries.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
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