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%.
Russia remains the most direct and long-term threat to our security, along with terrorism. This was stated by NATO Deputy Secretary General Radmila Shekerinska in Bulgaria at a lecture at the Central Military Club in Sofia organized by the Atlantic..
Immediate readiness of institutions to respond to a maritime incident will be demonstrated during an exercise in the Burgas Bay today at 10:00 a.m. The simulation will be held at the Burgas-East port terminal, the Ministry of Transport announced...
OnTuesday, it will be mostly sunny with temporary increases in cloud cover . A weak to moderate wind will blow from the east-southeast. Maximum temperatures will be between 28°C and 33°C , in Sofia - around 29°C. In the mountains, it will..
On Monday, September 8, Bulgaria's Vice President Iliana Iotova will visit Stár Bišnov (Dudeştii Vechi), Romania , at the invitation of the Union of Banat..
Bulgarian MEP from the Europe of Sovereign Nations group Petar Volgin, known for his pro-Kremlin position, condemns Russian interference in Eastern..
Prime Minister Rosen Zhelyazkov is leading a government delegation that is on an official visit to the Republic of Montenegro today and tomorrow...
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