Podcast in English
Text size
Bulgarian National Radio © 2024 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

MPs face seventh failed attempt to elect Parliamentary Speaker

In a record-long session lasting 18 days, Bulgarian MPs made a seventh failed attempt to elect a speaker of the National Assembly. After several breaks and a re-vote for the oldest MP, Silvi Kirilov from “There Is Such a People" (ITN), only a few..

published on 11/28/24 3:26 PM

Delyan Peevski says he can form a cabinet if given the opportunity

The leader of “МРФ – New Beginning” Delyan Peevski has expressed his readiness to take the post of prime minister. “When we are the first party, I will form a government,” he said on the sidelines of the National Assembly. “If the Bulgarians give..

published on 11/28/24 2:51 PM
Boyko Borissov

Boyko Borisov: There is no chance for GERB-SDS, PP-DB, BSP-United Left and ITN to form a cabinet

The chairman of GERB Boyko Borisov once again stated that the winning formula for forming a regular government is for it to be supported by GERB-SDS, “We Continue the Change – Democratic Bulgaria”, “BSP – United Left” and ITN. However, he clarified that..

published on 11/28/24 2:42 PM