By the end of the year and the beginning of 2021, we will have more funds to invest in business, Minister of Economy Lachezar Borisov has told BNR. "The resource is not small and the measures will continue throughout the next year. Preliminary data for the third quarter show that investments are beginning to send good signals for GDP recovery,” Borisov added.
According to macroeconomic indicators, Bulgaria is coping with the pandemic crisis 50% better than the EU average. "In terms of debt and deficit, we will be better than a number of countries in the European Union. The banking sector has lower profits, but big enough to keep buffers and stay stable,” Borissov pointed out.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
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...
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