Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Amidst pandemic Bulgaria registers good fiscal policy

Photo: archive

According to preliminary Ministry of Finance data, the budget deficitat the end of December amounted to 1.8 billion euro, or 3% of the GDP which is a better result than the 4.4% set down in the updated version of the budget for 2020.

In 2020 the direct fiscal stimuli from the national budget, including the social and economic measures aimed at tackling the impact of the pandemic, as well as the funding for front line units, amounted to around 1.4 billion euro. These sums include around 400 million euro redirected from European funds. The fiscal reserve is in excess of 6 billion euro. These results show that a good fiscal policy has been maintained, the Ministry of Finance points out.

Reporting by Marta Mladenova, Horizont channel



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Rosen Karadimov and Maria Filipova

CPC to fine traders 10% of annual turnover for speculation with prices in euro

We need to unite within the framework of the law to prevent price speculation after the adoption of the euro, the chairman of the Commission for Protection of Competition (CPC) Rosen Karadimov said at a press conference. "There..

published on 5/29/25 1:07 PM

New F-16 Block 70 fighter aircraft conducts first flight

The new Bulgarian F-16 Block 70 fighter aircraft, which arrived at Graf Ignatievo air base on 2 April, has conducted the first flight of the procedures in the country connected with its integration into the Bulgarian air force, Bulgarian public..

published on 5/29/25 12:16 PM

Agriculture Ministry expects a good wheat harvest

“We expect a good harvest of high-quality wheat which will cover the demand inside the country as well as export after the harvest. Around 90% of the crops are in good and very good condition,” said Deputy Minister of Agriculture and Food Yanislav..

published on 5/29/25 10:46 AM