Reserves have been found, thanks to which the deficit included in the 2023 draft state budget can be reduced from 6.4% to 3% . This was announced by Asen Vassilev, co-chairman of "We Continue the Change - Democratic Bulgaria", after a meeting of..
The elections were calm and there were no significant violations. That is why you don't hear parties talking about such violations, caretaker Prime Minister Galab Donev has told bTV. "The parties might be surprised by the results but..
The cost of the fall of the Bulgarian government in the short-term amounts to BGN 900 million or almost EUR 460 million, says Latchezar Bogdanov, Chief Economist at the Institute for Market Economics. But if the political..
Bulgaria’s cabinet is expected to meet online today to discuss the 2020 draft state budget, the budget of the State Social Security and the National Health Insurance Fund. The 2022 draft budget envisages a GDP growth of 4.8%, or 1.2% more as..
Bulgaria’s Deputy Premier and Minister of Finance Assen Vassilev called the 2022 draft budget “a budget of economic growth”. “The new budget envisages higher capital investments with EU funds and money from the state budget; a significant increase..
Inflation will peak in March and April, Bulgaria’s Minister of Finance Assen Vassilev forecasted in an interview for the BNT. In his words, inflation will not exceed 10% and will fluctuate between 5% and 8%. He voiced hopes that the 2022 state..
Bulgaria’s Deputy Prime Minister and Minister of Finance Assen Vassilev presented the 2022 draft state budget. He called it a budget of economic growth, which invests in people, projects and infrastructure. The projected revenues exceed EUR 29..
According to the Maastricht Treaty, the state budget deficit should not exceed 3% of the gross domestic product (GDP) and the total government debt should not exceed 60% of GDP. So far, these criteria have been strictly..
In 2020, the Bulgarian economy contracted by 4.6%. In 2021, it is set to rebound and grow by up to 3.6%, reads the conclusion of experts from the International Monetary Fund made within the traditional consultations. IMF recommends that Bulgaria..
Bulgaria’s National Assembly has approved the 2021 state budget at a second reading. Revenues in next year’s budget are estimated at EUR 24.3 billion. Expenditures are projected at EUR 26.8 billion. The budget deficit is set at nearly EUR 2,56..
