Budget 2023 is provisional, economic policies for 2024 will be important.

published on 7/30/23 12:53 PM

Photo: BTA

The budget for 2023 comes into force late, we cannot expect miracles or anything extraordinary to happen in the next 5 months, Eurofound Executive Director Ivaylo Kalfin told BNR.

"This budget is simply so that we have a budget to the end of the year. There are no policies in it," said Kalfin, who is a former Bulgarian vice-premier, minister of social affairs and minister of foreign affairs.

"It will be more interesting to see next year's budget, where policies are imperative, especially in the differential taxation of personal income. In its current form, taxation accelerates inequality," Kalfin said. According to him, Bulgaria is ready for Schengen, but this depends on the decision of the Netherlands and Austria and is not related to the agenda of the Bulgarian authorities.

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

Radio Bulgaria Economy Budget 2023 economy interview Ivaylo Kalfin

More from category

IME: June 3 is the day when taxpayers start working for themselves

According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..

published on 6/3/25 1:47 PM

Economy Minister Dilov: Bulgaria’s accession to the euro area will have a positive impact on the economy, people and business

“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..

published on 5/26/25 12:02 PM

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..

published on 5/21/25 1:33 PM