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

Caretaker Minister of Finance: We need to reduce costs and stabilize the budget’s revenue side

Caretaker Minister of Finance Rositsa Velkova
Photo: Maria Fileva

We need to reduce costs and stabilise the budget’s revenue side, because at some point we may face liquidity shortage, caretaker Minister of Finance Rositsa Velkova said an in interview for the BNR

The Finance Ministry has prepared three versions of the state budget, but the one that will be coordinated with the ministries, employers and trade unions envisages a deficit of 6.6%. "It is formed while maintaining all existing policies and regulations without changing the budgets’ revenue and expenditure sides", Minister Velkova explained. Rositsa Velkova said that Bulgaria’s budget will end 2022 with a 5.4% deficit on an accrual basis and a 3.4% deficit on a cash basis.




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

Weather forecast: The clouds and rain continue, no rain in the Southwest

On Thursday minimum temperatures will range between 6 and 11° C., for Sofia around 8° C. During the day the weather will continue cloudy and rainy. The rain will be more significant in Eastern Bulgaria, and in the afternoon – in Central Bulgaria...

published on 11/5/25 6:35 PM
Deputy PM Tomislav Donchev

European Commission withholds payment under recovery and resilience plan over failure to implement anti-corruption reforms

The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the Bulgarian National Radio. The country is to receive EUR 439 million. EU may cut money for..

published on 11/5/25 4:39 PM

Parliament sets up ad-hoc committee to investigate Soros’ activities in Bulgaria

With 111 votes for, 51 against and 43 abstained, the National Assembly approved the establishment of an ad-hoc committee to investigate the activities of George Soros and his son Alexander Soros and their foundations in this country financing..

published on 11/5/25 3:15 PM