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Minimum monthly salary is expected to reach EUR 480 in 2024

Photo: BGNES-archive

The minimum monthly salary is expected to reach EUR 480 as of 2024, caretaker Minister of Finance Rositsa Velkova said in an interview with the Bulgarian National Radio (BNR). This is enshrined in the three-year medium-term forecast on which the 2023 draft budget is based. The medium-term forecast will be presented in Brussels. The budget will be put to a vote in the next National Assembly. The forecast also envisages that the minimum wage reach EUR 530 in 2025 and EUR 576 in 2026.

There will be two buffers in the 2023 state budget: capital expenditure cannot be redirected to another type of expenditure; the second buffer is a 10% limitation of expenditures that can be spent in the fourth quarter provided the balance is not disturbed.




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