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

New loan from IMF is just a hypothesis, Minister of Agriculture says

Photo: BGNES

"Whatever the budget is, things will be difficult," caretaker Minister of Agriculture Yavor Gechev told BNR. "Whether the deficit is 3% or 6%, the money will not be enough to implement policies to catch up with Europe," Gechev added.

"The budget reflects the rise in social spending. The figures show that the deficit will be 6.4%. Everything is in the hands of the MPs; they are elected to make the specific decisions," Gechev also said.

A new loan from the International Monetary Fund is a very extreme scenario, just a hypothesis. We are very far from that, Deputy Prime Minister for European funds, Atanas Pekanov, told Nova TV.

Translation: Al. Markov


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

ABTTA Vice-President Dimitrina Goranova

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..

published on 5/21/25 1:33 PM

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..

published on 5/21/25 11:35 AM

The wealth of Bulgarians reaches a historic high - study says

At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product.  According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..

published on 5/20/25 2:16 PM