Co-chairman of "We Continue the Change" party and former Minister of Finance, Assen Vassilev, said that there were two errors in the draft budget for 2023 presented by the caretaker government.
In a video on his Facebook page, Vassilev says: "The first is that under the Recovery and Sustainability Plan, all expenses are set to be fully made, while 0% of the revenues are envisaged. This is about 1 billion and 440 million euros. The second mistake is that the budget does not envisage collecting 100% dividend from the state-owned enterprises. This is an error costing 865 million euros. Just by correcting these two errors, the budget deficit would decrease by more than 2.25 billion and would fall to 3.6%", Vassilev commented.
The MP expressed hope that during the plenary discussions of the budget, the deficit would be reduced to 3%.
Translation: Al. Markov
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..
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...
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..
Overcast, rain
Rain
Cloudy
Cloudy