The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of GDP. The draft budget includes the investment program promised to municipalities. VAT rates for restaurateurs, bread and flour return to 20%.
The structural plan shows that the goal is to gradually reduce the deficit, with the only exception being in 2027, when the deficit will exceed 3% due to the acquisition of military equipment.
For the period 2025-2028, the deficit under the consolidated fiscal program will range between 2.2% and 3% of GDP. Annual inflation according to European methodology will be 2.4% in 2025, and is expected to be 2% thereafter. GDP will grow by about 2%.
On Wednesday, minimum temperatures will range from 16 °C to 21 °C , with 16 °C in Sofia. It will be mostly sunny during the day, but rain and thunderstorms are expected after noon, mainly in northwestern and mountainous areas. Rain clouds will also form..
The Commission for the Protection of Competition has launched a survey into the market of essential food products to find out the reasons for the increase in the price of the goods. To this end, the antimonopoly body has requested from the retail..
Amendments to Bulgaria’s Road Traffic Law, published in today's issue of the State Gazette, will come into force in one month. From 5 September, toll cameras will transmit average speed data to the Ministry of the Interior, bTV reports. Drivers..
Job offers in all sectors of the Bulgarian economy are decreasing in July, according to the analysis of a leading online job posting platform in the..
More than 4 , 500 of woodland in Pirin has been destroyed by the wildfires after July 25. There are still local outbreaks on the ground, said..
A dead Egyptian vulture was found near the village of Hrastovo in Krumovgrad municipality , the press center of the Regional Directorate of the Ministry..
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