At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross Domestic Product. By the end of the year, the deficit is expected to reach the planned 2.5% of GDP.
The rise of the deficit, which was 26 million euro in August, comes from planned significant payments of interest on the state debt, as well as state aid to farmers aimed to overcome the negative economic consequences of Russian aggression against Ukraine and other payments.
Expenses of the state have reached 65.4% of the planned EUR 24.3 billion. They have increased by 10 percent compared to the same period in 2022. The most significant increase is seen in social payments, the money for personnel and capital expenditures.
Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..
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Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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