We do not expect there to be any significant changes in the expenditure section of the budget for 2025, but the capital programme will be amended, Petar Mishev from the Institute for Social and Trade Union Research at the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the BNR.
It is possible to make the budget work with a 3% deficit, he said, and added that the trade union will not back down from its demand for a 10% raise in salaries. “That is a necessary step. In the long term we need to find a way for the increase in incomes to outpace the inflation rate, even if it is minimally,” Petar Mishev said. The overblown capital programme needs to be re-tailored, he said. We need to look for an alternative version of the taxation system now in place. Its potential is now exhausted, Petar Mishev commented and suggested a gradual rise of the social security contribution by 1% in the next 3 years.
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The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112 votes in favour. The draft document was submitted by We Continue the Change – Democratic Bulgaria..
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Bulgaria and six other EU member states have not signed a joint statement condemning Israel over the situation in Gaza. The statement was signed..
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price..
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