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%.
On Tuesday , the lowest temperatures will be between 3 and 8°C; in Sofia – about 4°C. During the day before noon cloudiness will be significant and in places rainfall is expected. Precipitation will be more significant in..
The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian city of Piatra Neamț, the Ministry of Education and Science announced. The competition brought..
The Association of Bulgarian Schools in America invites children from the Bulgarian community in North America to participate in a competition dedicated to November 1 - National Awakeners' Day, the organization announced on its..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
Plovdiv Airport welcomed the first flight from Milan (Malpensa) with an official ceremony on October 26. The aircraft carried 87 passengers on the newly..
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