ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Podkrepa trade union warns of a growing budget deficit

Photo: expert.bg

The growing risk of a high deficit ahead of the current and next budget requires timely, wise and sustainable decisions that should not lead to impoverishment of people, but to promoting the economy, states the Podkrepa Confederation of Lbour trade union, quoted by BGNES. According to the confederation's forecasts, the maximum additional deficit would be up to 5.9 billion leva /3 billion euros/ more than the 7.1 billion leva /about 3.5 billion euros/ set by the State Budget Act for 2025, provided that revenues are not met and some expenditure items such as transfers to municipalities are exceeded. With such a pessimistic implementation of revenues and expenditures, the deficit would grow to 13.0 billion leva /6.5 billion euros/.


In an optimistic scenario for revenues and savings in expenditures of 4.3 billion leva /just over 2 billion euros/, the budget deficit will be up to 7.5 billion leva /3.75 billion euros/ – very close to the budget.

According to the calculations of the Podkrepa Chamber of Commerce, revenues are expected to be between 46.4 billion leva /23.2 billion euros/ and 51.6 billion leva /25.8 billion euros/, with the law stipulating 55.2 billion leva /27.6 billion euros/.

Given the disasters on the territory of the country, if the set amount of transfers to municipalities is fulfilled and there is no overspending on subsidies, the savings in the expenditure side would be 4.3 billion leva /2.15 billion euros/.



Edited by Darina Grigorova
English version: R. Petkova

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.
Radio Bulgaria News    Podkrepa trade union state budget trade union

More from category

Petar Dilov

Ministry of Economy: Prices in levs and euros must be the same size

Prices must be displayed in the same font size for both currencies, with designations that are clear to the consumer. There is no requirement which currency is written first. This was stated by the Minister of Economy and Industry Petar Dilov after a..

published on 8/15/25 5:36 PM

NSI: 52.2% of the unemployed in Bulgaria have secondary education

According to the National Statistical Institute, the number of unemployed people in the second quarter of 2025 was 110,500 .  Of these, 55.0% (60,800) were men and 45.0% (49,700) were women . The unemployment rate was 3.6%, which is 0.7% lower than..

published on 8/15/25 5:13 PM

NSI: Food absorbs 30% of the household budget of Bulgarians

Bulgarian households have reported an increase in their income and expenses in the second quarter of 2025. On average, the quarterly total income per person is 3,620 levs (1,850 euros), which is an increase of 12.6% compared to the same period in..

published on 8/15/25 5:09 PM

WEATHER
Pick city: Sofía
Partly cloudy, chance of rain
Min: 16 | Max: 34
Clear
Min: 22 | Max: 27
Clear
Min: 22 | Max: 29
Partly Cloudy
Min: 14 | Max: 35
Mostly Cloudy
Min: 17 | Max: 34
Clear
Min: 17 | Max: 35
Clear
Min: 12 | Max: 32
Clear
Min: 13 | Max: 32
Partly cloudy, chance of rain
Min: 20 | Max: 32
Partly cloudy, chance of rain
Min: 17 | Max: 32
Clear
Min: 16 | Max: 34
Partly Cloudy
Min: 17 | Max: 35
Mostly Cloudy
Min: 16 | Max: 33
Clear
Min: 16 | Max: 31
Clear
Min: 18 | Max: 33
Mostly Cloudy
Min: 17 | Max: 33
Clear
Min: 19 | Max: 34
Clear
Min: 20 | Max: 35
Clear
Min: 18 | Max: 34
Partly Cloudy
Min: 18 | Max: 32
Partly cloudy, chance of rain
Min: 10 | Max: 29
Clear
Min: 16 | Max: 31
Partly Cloudy
Min: 18 | Max: 34
Clear
Min: 18 | Max: 34
Partly cloudy, chance of rain
Min: 19 | Max: 33
Clear
Min: 17 | Max: 33
Partly Cloudy
Min: 17 | Max: 34
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

Maximum temperatures will drop by 2-3°C during the day

On Thursday , the lowest temperatures will be between 16 and 21°C; in Sofia – about 18°C. During the day it will be sunny over most of..

published on 8/13/25 7:05 PM

Turkish-Azerbaijani consortium could buy Lukoil's business in Bulgaria

A consortium of Azerbaijan's state company SOCAR and Turkish private holding Cengiz is the preferred candidate for the business of..

published on 8/14/25 3:51 PM

Bulgarian services dismantle Spain-to-Turkey drug trafficking ring

An organised criminal group trafficking drugs from Spain and the Netherlands to Turkey has been dismantled by the State Agency for National Security..

published on 8/14/25 5:29 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"