Text size

Bulgarian Economy Minister: The state will stop payments if there is no new budget by June 10

published on 5/21/23 11:17 AM

Caretaker economy minister Nikola Stoyanov

Photo: BGNES

After June 10, when the extended law on the state budget expires, the state will not be able to make payments, said caretaker Minister of Economy Nikola Stoyanov in an interview for the Bulgarian National Television.

"When there is no adopted budget or the law on the extension of the budget has expired, the country must return to a zero balance - it can spend only if the budget is a budget surplus and when it is in deficit, it has no right to spend anything. This would lead to the impossibility of paying salaries", he explained.

According to him, the pensions for June will be paid by June 10, but in theory the state should stop all payments.

"I am firmly convinced that the members of parliament are aware of this responsibility and will adopt either a new budget or at least an extension of the current one," added the minister. However, he is skeptical that a new state budget will be voted on by that date.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News economy minister Nikola Stoyanov state budget

More from category

Kiril Petkov resigns as co-chair of "We Continue the Change"

Kiril Petkov announced at a briefing that he is taking political responsibility and resigning as co-chair of "We Continue the Change" (part of the PP-DB coalition, which has the second largest number of MPs in the National Assembly)..

published on 6/25/25 3:59 PM

Bulgaria has a palette of advantages, little known to Japanese companies

A Japan-Bulgaria business forum on the topic of "Infrastructure, Energy and Digitalization" was held in Sofia. "Bulgaria has a whole palette of advantages. However, they are little known in Japan. Our task is to provide much clearer..

published on 6/25/25 2:34 PM

Checks reveal drastic price increases in some retail outlets

During joint inspections by the National Revenue Agency, the Commission for Protection of Competition and the Commission for Consumer Protection, price increases of between 5 and 83% were found. The chair of the Commission for..

published on 6/25/25 1:20 PM