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

Country has stable fiscal reserves: Kiril Ananiev, outgoing finance minister

Kiril Ananiev in parliament
Photo: BGNES

“A budget update will only be necessary if the pandemic situation worsens,” outgoing finance minister Kiril Ananiev stated in parliament.

The government has given 2.6 billion euro for the fight against Covid-19 in the period from the start of the crisis until 31 March, 2021. 920 million euro was spent to support households, 1.13 billion euro - for businesses, and 560 million for the people directly involved in the fight to check the pandemic.

There are fiscal reserves amounting to 4.35 billion euro, 1.8 billion of which is the money from the “silver” retirement fund. During the first quarter of 2021 the treasury had a deficit of 0.5% of the GDP. The national plan for the introduction of the euro is at an advanced stage so as to keep the 30 June, 2021 deadline for its completion, Kiril Ananiev said, and added that the indicative date for membership of the monetary union remains 1 January, 2024.



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

Made in Bulgaria – Union of Small and Medium Enterprises presents its annual awards

The association "Made in Bulgaria – Union of Small and Medium Enterprises" will hold its 31st Golden Martenitsa Award Ceremony this evening at 6:00 pm. President Rumen Radev is also expected to attend the event. The "Golden Martenitsa" award was..

published on 2/27/25 6:10 AM

Cloudy and foggy weather expected on Thursday, temperatures in wide limits

On Thursday, minimum temperatures in Bulgaria will be in wide limits, from minus 6° - minus 8°C in places with fog, to about 5°C in the extreme southwestern regions of the country. In Sofia, it will be about minus 1°C.  During the day,..

published on 2/26/25 7:15 PM
Deputy Premier Tomislav Donchev

Bulgaria will try to save part of the second payment under the Recovery and Resilience Plan

Our country has a six-month deadline until the end of August 2025 to restart the process of adopting the laws related to the Recovery and Resilience Plan. This will be done in an attempt to save most of the second payment under the plan,..

published on 2/26/25 6:32 PM