The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of GDP. The draft budget includes the investment program promised to municipalities. VAT rates for restaurateurs, bread and flour return to 20%.
The structural plan shows that the goal is to gradually reduce the deficit, with the only exception being in 2027, when the deficit will exceed 3% due to the acquisition of military equipment.
For the period 2025-2028, the deficit under the consolidated fiscal program will range between 2.2% and 3% of GDP. Annual inflation according to European methodology will be 2.4% in 2025, and is expected to be 2% thereafter. GDP will grow by about 2%.
Cool air will sweep across the country during the night , accompanied by moderate winds from the northwest. Short-lived rain showers and thunderstorms are expected in the western, northern and mountainous areas. Hailstorms are possible. On Saturday,..
A seven-person jury selected the winners of the BNR essay contest for students from Ukraine and Moldova . The contest was held under the patronage of Bulgaria’s Vice President Iliana Yotova and was supported by the Ministry of Education. Students..
Bulgarian National Radio (BNR) and Ruse University have announced plans to collaborate on cultural and educational activities at the university's recently established branch in Taraclia, Moldova. This announcement followed a meeting between the leaders..
A large fire stretching about 10 kilometers is burning east of the town of Karnobat, Burgas district, reported the mayor of Karnobat Municipality..
At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit..
A vibrant and free-entry event will mark the beginning of the summer mountain tourist season in the Rhorope town of Chepelare. Starting on June 27 at 6:00..
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