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

Bulgaria's Finance Minister presents the parameters of Budget 2024

Assen Vassilev
Photo: BTA

Bulgaria's Minister of Finance Assen Vassilev presented the draft of the state budget for 2024. It foresees a GDP growth of 3.2% and an average annual inflation of 4.8%, and according to estimates, it should fall to 3% at the end of 2024. 

A minimum salary of 933 BGN /477.04 EUR/, an increase in pensions by 11% according to the Swiss rule, are drafted. Higher health care costs due to the increased average wage are also accounted for. 

Defence spending is just over 2% of the GDP. Revenues of BGN 77.6 billion (EUR 39.68 billion) and expenditures of BGN 83.8 billion (EUR 42.85 billion) are expected. 

The public debt is expected to remain more or less at the same levels as a percentage of the GDP, or 23.8%.

The discussion of the budget of the National Council for Tripartite Cooperation and its adoption by the Council of Ministers is pending, after which it will be voted on in the parliament./MI



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

Two Egyptian vultures have hatched in the Rhodopes

The Bulgarian Society for the Protection of Birds announced the first successful hatching of Egyptian vultures in the wild in our country. The bird is considered the most endangered species on the Balkan Peninsula. The female..

published on 7/6/24 3:28 PM
Kiril Petkov

PP-DB will not negotiate with "Vazrazhdane" for a new government

From his Facebook profile, the co-chairman of "We Continue the Change" Kiril Petkov announced that the PP-DB coalition will not negotiate with "Vazrazhdane" to form a cabinet. He defined as "media suggestions" the claims that such..

published on 7/6/24 2:20 PM

Ukrainian embassy urges officials not to use the topic of war for political purposes

The Ukrainian Embassy in Bulgaria has called on officials and political forces to refrain from using the topic of the war for political purposes. The diplomatic mission emphasizes that Ukrainians pay the most terrible price every day..

published on 7/6/24 11:28 AM