The Ministry of Finance has published the draft of the State Budget Act for 2023. It envisages that at the end of the year inflation will be 5.6%. The projected GDP growth is 1.8 percent, relying on rise in exports and consumption. The deficit is 3%. The minimum monthly salary is raised from 357 euros to 392 euros from January 1, 2023. Pensions rise on July 1 by 12 percent.
Until 2025, no increase in taxes and social security contributions is foreseen, but improvement in revenue collection is expected. Revenues are expected to reach EUR 34,911 billion. Expenditures are EUR 37,212 billion or 40.1% of GDP.
The budget is expected to be adopted by the government by the end of June, to pass through parliament in July and to come into effect on August 1.
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
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