Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria must quickly renegotiate clauses of the Recovery Plan

Finance Minister Assen Vassilev
Photo: BGNES

The 2023 state budget with a 3% deficit is feasible and does not "tighten the belts", Finance Minister Assen Vassilev told Nova TV. A total of BGN 250 million (EUR 125 million) has been additionally allocated for salary increases in various sectors, Vassilev said.

The funds for culture have also been increased, Vassilev added. If in 2022 funding for culture amounted to BGN 340 million (EUR 170 million), of which BGN 40 million (EUR 20 million) remained unused and returned, in the new budget it is BGN 357 million (EUR 178.5 million).

The government must finish the renegotiation with the European Commission on some clauses of the Recovery and Resilience Plan in a very short period of time in August and September. Parliament must also pass the Energy Act, which is one of the main pieces of legislation for the second payment under the Recovery Plan. The budget stipulates that the second payment under the Plan must come by the end of the year, which means that the legislation must be adopted by the end of September, Vassilev also pointed out.



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

The total expenditure per household member in Q1 of 2024 averages EUR 1,290

The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..

published on 5/17/24 2:46 PM
Smilen Valov

Over 1 million is the number of inactive persons on the Bulgarian labor market

There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...

published on 5/16/24 8:49 AM

EC: Inflation in Bulgaria is expected to be 3.1% in 2024

According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..

published on 5/15/24 3:13 PM