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

Bulgaria marks World AIDS Day with various events in Sofia

On the occasion of World AIDS Day, observed on December 1, volunteers from the Bulgarian Red Cross Youth in Sofia will light tealights on the Lovers' Bridge to form a ribbon representing solidarity with the victims and carriers of the disease...

published on 12/1/24 11:04 AM

Weather forecast: Temperatures continue to drop

Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..

published on 11/30/24 6:15 PM

A Kilogram of Kindness collects food for people in need

The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..

published on 11/30/24 4:44 PM