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%.
President Rumen Radev expressed his appreciation of Great Britain’s support for Bulgaria in guarding the EU’s external borders. President Radev met with the British ambassador to Bulgaria Nathaniel Copsey, the Bulgarian news agency BTA reports...
Burgas airport welcomed its millionth passenger this summer season with an official ceremony. Steffi Kruspe, who landed on 31 July from Leipzig, said this was her first time in Bulgari and she would be spending one week in Nessebar with her family...
On Friday, the lowest temperatures will range from 14°C to 22°C, 16°C in Sofia. During the day, it will be mostly sunny over the northwestern and far eastern parts of the country. Cloud cover will be significant in the rest of the country and..
The Council of Ministers has decided to grant a total of €460,176 in aid to families affected by the forest fires. 'Until now, they could apply for..
Firefighting equipment should be purchased for the Air Force, where an organisation and crew are already in place , rather than for the Ministry of the..
Members of Parliament have approved the confiscation of assets obtained through criminal activity, even when such assets are held or possessed by third..
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