Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria adopts budget deficit policy to deal with COVID-19 crisis

Photo: dnevnik.bg

The Bulgarian cabinet increased the allowable 2020 budget deficit to 2.9% of the gross domestic product at an extraordinary video-conference sitting. Shifting from the initially-planned balanced budget to budget deficit aims to finance the extraordinary measures taken to deal with the COVID-19 epidemic. The government debt issuance ceiling increases from EUR 1.1 billion to EUR 5 billion. Since the beginning of 2020 the country issued government bonds to the tune of EUR 400 million and a new tender for another EUR 100 million is scheduled for the beginning of April. The changes adopted by the government will be submitted to Bulgaria’s National Assembly for approval.




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.

More from category

Heavy traffic of truck near Danube Bridge at the border with Romania

The traffic of trucks in the area of the Danube Bridge at the border with Romania is heavy.  This situation is expected to continue over the weekend as the trucks that were waiting at the Kapitan Andreevo crossing at the Bulgarian-Turkish border for..

published on 11/22/24 3:36 PM

Traffic to the Kapitan Andreevo border crossing between Bulgaria and Turkey is normalised

The truck traffic on the Maritsa highway to the Kapitan Andreevo border crossing at the Bulgarian-Turkish border is now normalized. "As of this morning, there are no more queues of trucks standing on the roadway waiting to cross the border," assured..

published on 11/22/24 3:04 PM

European Public Prosecutor's Office conducts searches in four Bulgarian cities for alleged fraud with EU funds

At the request of the European Public Prosecutor's Office, searches have been carried out in Sofia, Burgas, Petrich and Rila in connection with an investigation into alleged fraud with EU funds in the restoration of a church. In 2017, a public tender..

published on 11/22/24 1:42 PM