Petar Ganev, senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election.
“Concord should be sought and a budget must be adopted. We shouldn’t start another year without a budget, and such a risk does exist,” Petar Ganev said. “There should be some kind of concord around the big target of not exceeding the 3% deficit. In the mid-term the deficit should disappear. This means expenditure containment,” he said. Unpopular decisions will have to be taken, every item of expenditure must be accompanied by a budget cut in another sector but we shall not have to freeze the raising of salaries and pensions in 2025. Taxes will not be raised but there must be cuts in public administration,” Petar Ganev says.
The Eurozone is drawing closer, with a prognostic target date of 1 January, 2026, Petar Ganev believes.
The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028. The size of pension insurance is to be preserved in..
In 2025, the National Health Insurance Fund will be able to spend 1.2 billion leva (EUR 613 million) more on insured individuals, the draft budget of its Supervisory Board envisages. The health insurance contribution remains 8% of the insurable..
Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation..
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