Podcast in English
Text size
Bulgarian National Radio © 2025 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

Michael McGrath

EU expects Bulgaria to secure convictions for high-level corruption

Convictions for high-level corruption in Bulgaria have been few so far. Sustained progress against high-level corruption is needed. This was stated by EU Commissioner for Justice, Michael McGrath, after the meeting of the EU General..

published on 11/18/25 10:37 AM
Rumen Spetsov

Lukoil says it would not interrupt its activities and fuel supply in Bulgaria

The companies of Lukoil will continue to operate with full transparency and fuel supplies will not be interrupted. This is written in a statement from the Russian oil company, signed by the newly appointed special commercial manager..

published on 11/18/25 9:24 AM

Former caretaker minister heads Bulgarian embassy in Bern

Svetlan Stoev is the new ambassador extraordinary and plenipotentiary of Bulgaria to Switzerland. The presidential decree was published on November 18 in the State Gazette. Stoev is a career diplomat. He started working at the..

published on 11/18/25 9:02 AM