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

Budget update could lead to financial destabilization, employers say

Vasil Velev
Photo: BGNES

Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial system.

"There will be a rise of costs and reduced revenues and this will lead to a new boost in inflation and financial destabilization," he said. Vasil Velev expressed concern that the most important measure for compensations related to the high electricity prices on the free market might not be adopted.




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

Bulgarian-African Chamber of Commerce to develop relations with the Bulgarian Chamber of Commerce and Industry

Representatives of the Bulgarian-African Chamber of Commerce visited the Bulgarian Chamber of Commerce and Industry and met with its President Tsvetan Simeonov. Albena Jones, Dimitar Turlakov, and Anton Samsonov are among the founders of..

published on 2/19/25 9:08 AM
Photo: Jérémie Bergeron/Radio-Canada

Ministry of Foreign Affairs cautions Bulgarians on severe weather in Canada

The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current weather conditions, and regularly check the status of their flights. The Canadian Meteorological..

published on 2/19/25 8:55 AM

Ministry of Finance releases 2025 draft budget

The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP.  Expenditures will not exceed 40% of..

published on 2/19/25 8:42 AM