Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Budget for 2025 to be submitted to Parliament next week

Людмила Петкова
Photo: BTA

The draft budget for 2025 will be submitted by the caretaker government to the National Assembly at the end of next week, Finance Minister Lyudmila Petkova said. The draft includes a planned deficit of 3%, or BGN6 billion (about EUR3 billion). 
There are no plans to change tax rates and there will be no increase in social security contributions. The budget proposes tax amnesties for taxes and contributions declared but not paid on time, as well as for undeclared income, with interest on these amounts being waived. Excise duties on tobacco, tobacco products and alcoholic beverages will be increased.
The minimum wage will be set at BGN 1,077 (EUR 550.66) and a 10% increase in salaries for public sector employees is also planned.

Due to the political stalemate in Parliament, Petkova admitted that next year's budget could be adopted in early 2025, with the possibility of an extension law for this year's budget.



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

Balkan Developments

Fire kills dozens in Turkish mountain resort Kartalkaya 78 people died in a hotel fire in the Turkish ski resort of Kartalkaya in north-western Turkey. Celebrities and entire families were among the dead, and dozens..

published on 1/24/25 5:07 PM
 Hristijan Mickoski

Mickoski: The Macedonian issue is not closed because Bulgaria does not respect the rights of the Macedonian minority

North Macedonia’s Prime Minister Hristijan Mickoski stated that the Macedonian issue is not closed, because the European Court of Human Rights has ruled that the rights of people with a Macedonian identity in Bulgaria are not being respected...

published on 1/24/25 10:55 AM

The new Bulgarian government - an end to the political chaos or a lull?

Bulgaria has emerged from a long political slumber – 81 days after the sixth early parliamentary elections, the National Assembly elected the country's 105th government. A total of 125 MPs supported the coalition cabinet, formed through an agreement..

published on 1/20/25 2:26 PM