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

Interim Finance Minister promises no tax or social contribution increases in 2025

Ministry of Labour and Social Policy proposes increase in the pension insurance contribution

Lyudmila Petkova
Photo: BTA

Deputy Prime Minister and Finance Minister Lyudmila Petkova has pledged that there will be no increase in social contributions, corporate or personal income taxes in 2025. The Covid-19 pension supplements will not be discontinued and the budget deficit for 2025 will remain within 3% of GDP, fulfilling the requirements for Bulgaria's entry into the eurozone.


Budget revenues will be boosted by an increase in excise duties on cigarettes, a review of whether VAT on bread should remain at 0%, a restoration of other VAT to its pre-pandemic level of 20%, and more efficient collection of tax and social contribution arrears.


Meanwhile, the Ministry of Labour and Social Policy has published an analysis of the mandatory pension insurance system on its website. The report proposes a number of measures, including an increase in the pension insurance contribution rate and the abolition of the EUR 30 COVID-19 supplement for new pensioners.



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

Bulgaria participates with a stand at "ProWein 2025," the world’s largest wine exhibition.

Thirty-three Bulgarian winemakers are representing the country at the International Wine and Spirits Fair in Düsseldorf, Germany. Speaking at the opening of the Bulgarian stand, Deputy Minister of Agriculture and Food Stefan Burdzhev said:..

published on 3/16/25 5:22 PM

The "Spartan" aircraft transports five seriously injured fire victims from North Macedonia to Bulgarian hospitals

The "Spartan" aircraft of the Bulgarian Air Force has left for North Macedonia on the orders of Prime Minister Rosen Zhelyazkov, the government's press service announced. It will transport five seriously injured victims of the fire at a nightclub in the..

published on 3/16/25 5:06 PM
Health Minister Silvi Kirilov

Coordination team led by health minister mobilises to aid fire victims in North Macedonia

The Bulgarian Ministry of Health has organised medical assistance for those injured in the nightclub fire in northern Macedonia. The tragedy, which occurred overnight in the town of Kočani, claimed the lives of more than 50 people and left more than 100..

published on 3/16/25 2:40 PM