The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028.
The size of pension insurance is to be preserved in 2025, but is envisaged to increase by 3% in 2026 and by 2% in 2027. Next year, the minimum monthly salary will increase to EUR 522. Salaries in the budget sector are to go up by 10%. Salaries in education, security and defence are to go up in accordance with the mechanisms negotiated. As a proportion of the GDP, the overall level of revenues for the 2025-2028 period will range between 39.9% and 43%. The government debt over 4 years will go up from 27.8% to 32.8% of the GDP. The growth of the economy will increase to 2.8% in 2025 and to 3% in 2026. The inflation in 2025 is expected to be 2.6%. The budget for 2025 proposes an increase in the excise duty for alcohol and cigarettes, a one-off tax amnesty on the interest on tax arrears, and a one-time 15% tax on undeclared taxes.
The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..
The pig meat sector in Bulgaria is showing signs of growth. This was announced at the International Forum "Modern Trends in Pig Farming: Scientific, Market and Regulatory Aspects", held today in Stara Zagora. It was highlighted that 53% of the..
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
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