26 May is tax freedom day for Bulgarians this year. The Institute for Market Economics has estimated that this year, we have to work 146 for the state to provide the money for the treasury. The state budget envisages revenues of over 57 billion Leva (EUR 29 billion) for the year.
In the space of one day, Bulgaria produces 392 million Leva. (EUR 200 million) of the projected GDP amounting to 143 billion Leva (EUR 73 billion). It takes 146 days to fill the treasury – this is the formula used to calculate when tax freedom day will come.
58 days are needed to cover direct taxes and social security contributions, and another 54 days for indirect taxes. A deficit of 5.9 billion Leva (EUR 3 billion) has been budgeted for in 2022, or 4.1% of the GDP, a sum that equals another 15 days.
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was..
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s..
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