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

Bulgaria's Finance Minister presents the parameters of Budget 2024

Assen Vassilev
Photo: BTA

Bulgaria's Minister of Finance Assen Vassilev presented the draft of the state budget for 2024. It foresees a GDP growth of 3.2% and an average annual inflation of 4.8%, and according to estimates, it should fall to 3% at the end of 2024. 

A minimum salary of 933 BGN /477.04 EUR/, an increase in pensions by 11% according to the Swiss rule, are drafted. Higher health care costs due to the increased average wage are also accounted for. 

Defence spending is just over 2% of the GDP. Revenues of BGN 77.6 billion (EUR 39.68 billion) and expenditures of BGN 83.8 billion (EUR 42.85 billion) are expected. 

The public debt is expected to remain more or less at the same levels as a percentage of the GDP, or 23.8%.

The discussion of the budget of the National Council for Tripartite Cooperation and its adoption by the Council of Ministers is pending, after which it will be voted on in the parliament./MI



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

Patchy clouds and sun, showers mainly in the west

On Wednesday, minimum temperatures will range from 8 to 14°C. In Sofia, it will be around 8°C. During the day, cloud cover will increase from west to east, with light rain possible in some western areas before noon. There is a heightened probability of..

published on 5/20/25 7:05 PM
Rumen Radev (L) and Shigeru Ishiba (R)

President Rumen Radev meets with Japan's Prime Minister Shigeru Ishiba

Bulgaria’s President Rumen Radev met in Tokyo with Japan’s Prime Minister Shigeru Ishiba as part of his visit to Japan. Rumen Radev and Shigeru Ishiba signed a joint declaration on elevating bilateral relations between Bulgaria and Japan to the level..

published on 5/20/25 6:08 PM
Ivan Kondov

2 kilometers remain to be built on the Bulgarian side of Corridor No. 8

Only 2 kilometers remain to be built on the Bulgarian side of the railway corridor known as Corridor No. 8, which is intended to connect the Adriatic Sea with the Black Sea through Albania, North Macedonia and Bulgaria, Permanent Secretary of the..

published on 5/20/25 5:27 PM