Bulgaria’s caretaker cabinet approved a report on the implementation of the state budget for the first 9 months of 2021. At the end of September, the fiscal surplus exceeded EUR 500 million. According to this country’s Ministry of Finance, revenue collection is going according to plan. However, the planned capital expenditure is lagging behind schedule. It amounts to EUR 61 million, whereas the planned capital expenditure is to the tune of EUR 1.2 billion.
Pension expenditure increased by nearly EUR 450 million, due to the monthly supplements paid to all Bulgarian pensioners. Health expenditure is also higher and is due to the coronavirus pandemic.
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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