Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Parliamentary Budget Committee adopts update of Budget 2020

Photo: BGNES

With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.

GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.




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

Ski track in Valchi dol

The ski season has opened on the only track in Bulgaria's Varna region

The snow in Northeastern Bulgaria has made skiing possible at the end of February. Today, the ski season opened in Valchi Dol, where the only track in Varna Region is located. It is only 250 meters long, but the locals use it with pleasure, BNT..

published on 2/22/25 11:45 AM
Ramadan Atalay, MP from DPS-DPS

The biggest danger to the government will come from Ahmed Dogan, believe members of SDS party

DPS-DPS around Ahmed Dogan wants to have its own deputy ministers, regional and deputy regional governors, as well as representatives in the regulators, in order to take political responsibility. This was stated to BNT by the party's MP Ramadan Atalay...

published on 2/22/25 11:08 AM

Protest against the euro will be held in Sofia today

The patriots from Vazrazhdane parliamentary party and civil organizations against Bulgaria's accession to the Eurozone have announced a protest for today.  They call for a wide public debate on the consequences from the introduction of the euro...

published on 2/22/25 10:03 AM