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%.
Slovak Ambassador Vasil Grivna was summoned to the Ministry of Foreign Affairs over official statements made by Slovak President Peter Pellegrini during his visit to Skopje on October 14. There were unacceptable assessments made..
On behalf of the Head of State Rumen Radev, Vice President Iliana Iotova presented the Order of Sts. Cyril and Methodius, first degree, to Professor Ma Sipu, the press office of the president reported. The award was presented at..
On the occasion of the Aviation and Air Force Day on October 16, at 09:00, flowers and wreaths will be laid at the Aviators Monument near the National Assembly in the capital city, the Ministry of Defense reports. The solemn..
Between January and September 2025, Bulgaria’s capital recorded a 10% increase in tourist arrivals and a 6% rise in overnight stays compared with the same..
Three Air Force officers were presented with the Presidential Badge of Honor, BTA reports. The head of state presented the award to..
On Thursday , the lowest temperatures will be between 4 and 9°C; in Sofia – about 4°C. During the day, there will be significant..
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