Text size

Finance Minister: The budget will last all year, regardless of who is in power

published on 12/24/20 9:51 AM

Finance Minister Kiril Ananiev

Photo: Press Office of Ministerial Council

No matter which government will be in power, the new budget will last, even if the epidemic gets worse. This position was expressed by Bulgaria's Finance Minister Kiril Ananiev in an interview for BNT. He believes that the budget has no alternative.

"We have saved thousands of people, and in some cases hundreds of thousands," the minister said, referring to the support measures for businesses and employees affected by the crisis.

"If the measures did not exist, Bulgaria would be at the level of Western European countries with a budget deficit of over 10%," he said, stressing that Bulgaria's deficit is the lowest in the EU.

Kiril Ananiev predicts that Bulgaria will enter the eurozone in 2024 at the latest.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Finance Minister Kiril Ananiev measures state budget

More from category

BNB Governor: Banks in Bulgaria are ready for the euro

Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..

published on 11/4/25 2:28 PM

The 2026 budget provides for EUR 10.5 billion in new debt and a 3% deficit

Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...

published on 11/4/25 9:08 AM

Bulgaria is among the EU countries with the highest percentage of workers at risk of poverty

In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..

published on 11/3/25 3:14 PM