Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria adopts budget deficit policy to deal with COVID-19 crisis

Photo: dnevnik.bg

The Bulgarian cabinet increased the allowable 2020 budget deficit to 2.9% of the gross domestic product at an extraordinary video-conference sitting. Shifting from the initially-planned balanced budget to budget deficit aims to finance the extraordinary measures taken to deal with the COVID-19 epidemic. The government debt issuance ceiling increases from EUR 1.1 billion to EUR 5 billion. Since the beginning of 2020 the country issued government bonds to the tune of EUR 400 million and a new tender for another EUR 100 million is scheduled for the beginning of April. The changes adopted by the government will be submitted to Bulgaria’s National Assembly for approval.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Between 80 and 90% of water for domestic and industrial needs is lost in Bulgaria's water transmission network

Due to the poor condition of the water transmission network, nearly half a billion cubic meters of water are irretrievably lost annually . On this occasion, Caretaker Environment Minister Petar Dimitrov called for work to improve and repair the water..

published on 11/28/24 2:15 PM
Sofia Airport

Direct flight will start operating between Sofia and Pisa as of March 2025

From March 30, 2025, a new direct flight will connect Sofia and Pisa, Italy. A statement from Sofia Airport states that the flights will be operated by the low-cost airline Ryanair and will operate three times a week - every Tuesday, Thursday and..

published on 11/28/24 2:10 PM
Yordan Ivanov

"Democratic Bulgaria" offers support for the candidacy of Silvi Kirilov for Parliamentary Speaker

The parliamentary group of Democratic Bulgaria has offered GERB-SDS and "BSP-United Left" to vote "for" the candidacy of Silvi Kirilov from ITN for the post of Speaker of the 51st National Assembly. Yordan Ivanov, MP from "We Continue the..

published on 11/28/24 1:49 PM