Text size

Finance minister withdraws his support for 2023 budget

published on 7/26/23 9:08 AM

Finance Minister Assen Vassilev

Photo: BTA

After more than 11 hours of the budget committee meeting, Finance Minister Assen Vassilev said that he no longer supported the 2023 budget. The reason is the sharply increased costs for salaries and other payments and the drastically cut measures to increase revenues.

The amendments proposed by the parties were accepted at the second and final reading in the parliamentary Committee on Budget and Finance. Whether they will stay depends on the parliament.

The chairman of the budget committee, Yordan Tsonev from the MRF, said that he was not optimistic.

MPs from all parties submitted 212 pages with 84 ideas for additions to the draft budget, which in total inflated the projected deficit from 3 to 30%.

Proposals to return VAT to 20% for a number of sectors were rejected on the grounds that taxes could not be raised in the middle of the financial year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News budget 2023 parliament state budget

More from category

Grozdan Karadzhov, Minister of Transport and Communications (C), Kiril Valchev, the Director General of BTA (R), and Lyudmil Veselinov, the author of the artistic design, stamped a postage stamp dedicated to the 20 WMBM.

Postage stamp issued for 20th World Meeting of Bulgarian Media

A commemorative postage stamp marking May 24 — the Day of Saints Cyril and Methodius, the Bulgarian alphabet, education and culture, and Slavic literacy — as well as the 20th World Meeting of Bulgarian Media, was officially validated today. The..

published on 5/24/25 11:19 AM

“Trend”: Forty-three per cent of Bulgarians have not read a single book in the last year

The majority of Bulgarians (83%) consider reading books to be important. However, according to a survey conducted by the sociological agency Trend on behalf of 24 Hours between 12 and 18 May 2025, four out of ten people (43%) admit that they have not..

published on 5/24/25 10:57 AM

Parades and celebrations for May 24 across the country

Today, parades and celebrations marking 24 May — the Day of Saints Cyril and Methodius, the Bulgarian alphabet, education, culture and Slavic literature — are taking place across Bulgaria. In Sofia, the procession begins at 10:30am and will..

published on 5/24/25 10:09 AM