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

Ministry of Finance: Funding under Recovery Plan to be cut because of Boyko Borissov government

Boyko Borissov
Photo: BGNES

The funding under the Recovery and Resilience Plan has been cut because of a mechanism signed by the government of Boyko Borissov, reads a position by the Ministry of Finance. The non-reimbursable funding for Bulgaria has been reduced by almost EUR 580 million due to the legal framework signed by the Borissov cabinet which stipulates that 30% of the entire grant be recalculated on the basis of the economic growth for 2021 actually recorded. The data regarding this growth were finalized as of June 2022 on the basis of which there is a reduction for the country, because Bulgaria’s economic indicators are better than the EU average, the Finance Ministry explains.

At the same time the Ministry points out that the recalculation affects all member countries simultaneously, not just Bulgaria. The non-reimbursable funding for 22 member countries under the mechanism has been reduced, 7 of them have had larger sums cut than Bulgaria has.



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

Institute of Market Economics: Тhere will be no apocalypse if 2025 budget is not adopted

The state will continue to function normally even without the parliament voting on the state budget , according to an analysis by the Institute for Market Economics (IME) called "Without a Budget for 2025 and Without an Extension Law: What Next?".  The..

published on 12/21/24 3:17 PM

Bomb threat cancels concert at BSP headquarters dedicated to Donbas region

People from the Bulgarian Socialist Party headquarters at 20 Positano Street in Sofia were evacuated due to a bomb threat on Saturday morning. The threat was received by email, according to which a bomb had been placed in a building on Positano Street..

published on 12/21/24 1:52 PM
Sketches drawn by a forensic artist of the Bulgarian citizens accused of espionage in the UK. From left to right: Katrin Ivanova, Vanya Gaberova, Orlin Rusev, Ivan Stoyanov and Biser Dzhambazov, September 26, 2023

One more Bulgarian woman working for a Russian spy network has been revealed in Vienna

The spy network of Bulgarians led by Austrian Jan Marsalek in the UK had an agent in Austria , Austrian and German media reported, quoted by BGNES. The Vienna prosecutor's office is investigating a Bulgarian woman for espionage for the Russian..

published on 12/21/24 12:06 PM