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%.
More than 550,000 people received support last year under the European programme Food and Basic Material Assistance – packages of staple foods and nine kinds of sanitary items. Almost 70,000 people from 232 municipalities have availed..
During an operation of the General Directorate Combating Organised Crime under the leadership and supervision of the Sofia City Prosecutor's Office and the National Revenue Agency, a criminal group involved in tax crimes and money..
A list of over 10 unfair trade practices that must be stopped will be handed over to representatives of all parliamentary groups. Among them are high mark-ups, hidden fees of retail chains, inequality between Bulgarian and imported..
In Plovdiv, experts discuss issues of the food industry, in accordance with the most up-to-date requirements of the Bulgarian and European regulatory..
Education must make children not only knowledgeable but also good people, said Minister of Education and Science Krasimir Valchev at a meeting with His..
On February 19th, the day when Bulgarians worldwide commemorate 152 years since the passing of the Apostle of Freedom, Vasil Levski, Bulgaria’s National..
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