We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR.
In presenting the institute's alternative state budget, the researcher said the 3% deficit limit was high. When you have tax revenue growth of over 12%, obviously the economy is doing well. The problem is the spending, he said. "There will be more spending for 2025 as well. It's not about cutting, it's about containing this spending growth," the economist said, calling for ambitions to be aligned with the macroeconomic environment.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the..
Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic..
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony..
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