Share

Text size

Bulgarian National Radio © 2025 All Rights Reserved

The BNB recommends a 10% buffer in the 2024 budget

published on 11/28/23 2:26 PM

Dimitar Radev

Photo: BTA

GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank (BNB), published in the latest issue of the quarterly "Macroeconomic Forecast".

The November growth estimate has been revised upwards by 0.9 per cent compared to the previous analysis in June. GDP growth is expected to reach 2.7 per cent in 2024 and 3.6 per cent in 2025, with the November estimate revised downwards by 0.5 per cent from the June forecast. The pessimistic prognosis reflects the risks posed by global geopolitical conflicts and rising wage costs.

BNB governor Dimitar Radev recommended that the 2024 budget include a 10% buffer, which, if not spent during the year, would be spent in the last quarter of 2024.

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

Radio Bulgaria Economy 2024 BNB buffer Bulgarian National Bank Dimitar Radev prognosis reccomendations

More from category

Bulgaria reports 0.1% monthly inflation for August

In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..

published on 9/15/25 1:44 PM

Company invests over 1 million euros in its production in Bozhurishte

A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..

published on 9/14/25 9:10 AM

Petar Dilov

Ministry of Economy: The direct impact of US tariffs on Bulgarian exports may total €468 million

The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..

published on 9/10/25 4:45 PM

1
2
3
4
5
6
..
10

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 13 | Max: 21

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

MOST VIEWED

Bulgaria reports 0.1% monthly inflation for August

In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute...

published on 9/15/25 1:44 PM

shopify analytics ecommerce
tracking