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
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical Institute (NSI). The biggest increases were in the prices of heating and utilities. According to the..
One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
Partly Cloudy
Mostly Cloudy