The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of GDP. The draft budget includes the investment program promised to municipalities. VAT rates for restaurateurs, bread and flour return to 20%.
The structural plan shows that the goal is to gradually reduce the deficit, with the only exception being in 2027, when the deficit will exceed 3% due to the acquisition of military equipment.
For the period 2025-2028, the deficit under the consolidated fiscal program will range between 2.2% and 3% of GDP. Annual inflation according to European methodology will be 2.4% in 2025, and is expected to be 2% thereafter. GDP will grow by about 2%.
For the third consecutive day, Bulgaria’s National Assembly failed to secure the necessary quorum of 121 MPs to hold a session. Only 111 out of a total of 240 MPs were present in the plenary hall. The same happened on the previous two days. On..
Meta, the parent company of Facebook and Instagram, is interested in investing in Bulgaria, Prime Minister Rosen Zhelyazkov announced. "The discussion took place after the meeting with General Electric, during which we talked about small modular..
"Bulgaria welcomes the UN80 initiative as a step toward a stronger organization and supports reforms in the United Nations", said Prime Minister Rosen Zhelyazkov during a meeting with the United Nations Secretary-General António Guterres,..
Underwater excavations near Cape Kilik in Bulgaria’s Avren municipality have revealed evidence of a harbour dating back to the early 1st millennium BC...
On Thursday, the lowest temperatures will be between 9 and 14°C; in Sofia – about 12°C. During the day there will be rain showers in..
Bulgarian Foreign Minister Georg Georgiev told a B4 meeting that EU enlargement is a natural priority for Sofia. Speaking on the sidelines of the..
Overcast, rain
Cloudy
Mostly Cloudy
Scattered showers
Rain
Partly cloudy, chance of rain