Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Parliamentary Budget Committee adopts update of Budget 2020

Photo: BGNES

With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.

GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.




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

Borislav Sarafov

Borislav Sarafov wants the immunity of two more MPs lifted

Acting Prosecutor General Borislav Sarafov requested lifting the immunities of MPs Bozhidar Bozhanov and Kiril Petkov from “We Continue the Change – Democratic Bulgaria”. A day earlier, he took the same action against four MPs from..

published on 3/1/25 9:55 AM
The village of Chuprene will also benefit from the programme.

Centres for integration and inclusive education to open in five small towns

Five centres for educational, social and health services are being established in small towns as part of the programme "Promoting Justice: Health and Inclusive Education for All - ZOV 2", funded by the Bulgarian-Swiss Cooperation Programme. The..

published on 3/1/25 7:05 AM

Cloudy and rainy weather on the first day of March

On Saturday it will be mostly cloudy with light rain, which in some places in the northern regions of Bulgaria will be mixed with snow. There will be almost no precipitation in Southeast Bulgaria. In the morning hours in many places in the plains and..

published on 2/28/25 7:35 PM