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

Bulgaria may start 2022 without state budget, expert warns

Photo: BGNES

The lack of a regular parliament puts the state at risk of starting the new year without a budget, Petar Ganev, a senior researcher at the Institute for Market Economics, has told the BNR.

According to law, the budget for 2022 must be submitted for discussion and adoption in parliament by October 31st. If a government is formed in December and there is no budget approved by parliament, there is a risk of starting the new year without a law on public spending. In such a case the government would be able to spend only 1/12 of the previous budget per month and this would be extremely insufficient. In the absence of a strong center of power, "everyone near the government may try to seize the initiative and propose new expenditures," the expert says.



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

Ministry of Transport plans to launch concession procedure for Plovdiv Airport

A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..

published on 2/17/25 6:07 PM
Bulgaria’s Minister of Finance Temenuzhka Petkova

The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..

published on 2/15/25 2:22 PM

The average salary in Sofia is EUR 1732, according to NSI

The highest average salary in Bulgaria is in Sofia - 1732 euro, and the lowest in Smolyan - 826 euro. These are the data from the National Statistical Institute (NSI) for December 2024. Because of the salaries in the capital, the average salary in..

published on 2/14/25 2:48 PM