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.
In the next 12 months, the Bulgarian business needs about 262,000 workers and specialists , according to a study by the Employment Agency. This is nearly 9.3% of the currently employed. Compared to the results in 2023, there is a..
There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not allowed, the Deputy Minister of Agriculture Ivan Kapitanov said. At a meeting with Claude Berthet,..
The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..
Partly Cloudy
Mostly Cloudy
Fog