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.
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Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO . At the forum, Radev who is on..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
The Bulgarian Investment Agency (BIA) and the Japan External Trade Organization (JETRO) are signing a memorandum of understanding that will give new..
According to data from the Bulgarian National Bank, household bank loans in Bulgaria surpassed €25.5 billion mark , reaching €25.59 billion by the end of..
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