The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026.
The draft law foresees a deficit of 3% and economic growth of 3.2%. Average annual inflation is expected to be 4.8 per cent and GDP to be EUR 102.6 billion.
Prime Minister Nikolai Denkov described the 2024 budget as "very well prepared" and "balanced" and said he felt "comfortable" that it would be adopted on time.
Investment of 10 billion euro and an 11 per cent increase in incomes, including pensions, are planned, Finance Minister Assen Vassilev said. The amount of new public debt that can be contracted has been reduced by 500 million euros to 6.3 billion euros. The budget will be submitted to Parliament for consideration next week.
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..
The consumer basket currently costs 101 leva (EUR 51.64), compared to 94 leva (EUR 48.06) for the same period in 2024. This represents an increase of 7 leva (EUR 3.58 euros), announced Vladimir Ivanov, Chairman of the Commodity Exchange and Wholesale..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain