According to estimates by the Institute for Market Economics, tax freedom day falls on May 20 this year. Bulgarians worked 140 days during the pandemic to pay their taxes to the treasury. Despite the coronavirus crisis, the budget revenues are expected to exceed EUR 24.3 billion and this country’s GDP is expected to reach EUR 63.6 billion. Bulgarians produce an average of EUR 174.3 million per calendar day, which means that it took them 140 days to fill the treasury.
Working Bulgarians continue to pay more and more to the treasury. Thus, the money used to pay for the anti-crisis measures, is primarily paid by the taxpayers who bear the burden of the pandemic, notes the Institute for Market Economics
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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