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Deficit in 2023 draft state budget can be reduced to 3%

Photo: BGNES

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 deputies from the group and their colleagues from GERB with experts in the Ministry of Finance. 


Social spending will not be cut and tax changes are not foreseen, Vasilev said. 

When asked where the reserves will come from, he replied: "I think the surprises are not big - one is the Recovery and Resilience Plan, the other is dividends, the third is partly for the maintenance of the various departments, the fourth is the capital program".

The Minister of Finance Rositsa Velkova did not attend the meeting, as she is on a working visit abroad.

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