Text size

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

After data update, Bulgaria's GDP for 2023 has increased

In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..

published on 10/18/24 1:30 PM

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM

WEATHER

Pick city: Sofía

Wet snow
Min: 0 | Max: 3

BULGARIA IN PICTURES

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

The value of the small consumer basket in Bulgaria has not changed in a year

Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..

published on 11/29/24 5:05 PM

Share