Text size

Caretaker cabinet proposes a 2023 state budget with a 6.4% deficit

published on 4/21/23 7:10 PM

Photo: BGNES

The caretaker government is proposing a state budget bill for 2023 with a deficit of 6.4% of the GDP, or more than twice the 3% required by the Eurozone criteria. This was announced at a briefing by Prime Minister Galab Donev and Finance Minister Rositsa Velkova.

In order to achieve a 3% deficit, in March the caretaker government proposed changes to the tax legislation - restoring the reduced rates of VAT and "surplus profit" tax and reducing spending. However, it became clear from what was stated this week by the two largest political coalitions GERB-SDS and PP-DB that they do not support the changes in the tax legislation proposed by the caretaker government.

Similar comments were also expressed by the other parliamentary parties. For this reason, after an analysis, the caretaker government has decided to submit to the parliament a state budget bill for 2023 with a deficit of 6.4% of the GDP, which means almost BGN 12 billion /over EUR 6 billion/.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News budget caretaker cabinet deficit GDP state budget

More from category

Alliance for Rights and Freedoms is ready to support a government of GERB-SDS and PP-DB

The honorary chairman of the Movement for Rights and Freedoms (DPS) Ahmed Dogan, who led two candidate lists of the Alliance for Rights and Freedoms, stated that he will not become an MP in the 51st National Assembly. "I do not belong there. I..

published on 10/30/24 4:20 PM

The state will guarantee a 79 million euro loan for the restoration of Chaira Hydro Power Plant

The caretaker cabinet has approved state guarantees amounting to over EUR 79 million under loan agreements with the National Electric Company for financing the investment project on the modernization and rehabilitation of Chaira Hydro Power Plant...

published on 10/30/24 2:58 PM

No Bulgarian citizens have been reported injured after the floods in Spain's Valencia region

According to the Bulgarian Consulate General in Valencia, no Bulgarian citizens have been reported dead or injured, the press office of the Bulgarian Ministry of Foreign Affairs told the BNR. There have been no reports of Bulgarian citizens in..

published on 10/30/24 2:54 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 6 | Max: 18

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Talks with GERB on the formation of a government are possible, Ilhan Kyuchuk of the Alliance for Rights and Freedoms says

“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..

published on 10/30/24 11:25 AM

History Museum in Razgrad offers free guided tour of the ancient Abrittus

On 30 October, the Regional Museum of History in Razgrad is organizing free guided tours around the Abrittus archaeological reserve to mark the end of..

published on 10/30/24 6:05 AM

Velichie party threatens to organize huge resistance against election results

“We do not have an answer, as yet, from any political party, to the proposal for a cordon sanitaire around the Movement for Rights and Freedoms-New..

published on 10/30/24 11:02 AM

Share