The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028.
The size of pension insurance is to be preserved in 2025, but is envisaged to increase by 3% in 2026 and by 2% in 2027. Next year, the minimum monthly salary will increase to EUR 522. Salaries in the budget sector are to go up by 10%. Salaries in education, security and defence are to go up in accordance with the mechanisms negotiated. As a proportion of the GDP, the overall level of revenues for the 2025-2028 period will range between 39.9% and 43%. The government debt over 4 years will go up from 27.8% to 32.8% of the GDP. The growth of the economy will increase to 2.8% in 2025 and to 3% in 2026. The inflation in 2025 is expected to be 2.6%. The budget for 2025 proposes an increase in the excise duty for alcohol and cigarettes, a one-off tax amnesty on the interest on tax arrears, and a one-time 15% tax on undeclared taxes.
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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