At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross Domestic Product. By the end of the year, the deficit is expected to reach the planned 2.5% of GDP.
The rise of the deficit, which was 26 million euro in August, comes from planned significant payments of interest on the state debt, as well as state aid to farmers aimed to overcome the negative economic consequences of Russian aggression against Ukraine and other payments.
Expenses of the state have reached 65.4% of the planned EUR 24.3 billion. They have increased by 10 percent compared to the same period in 2022. The most significant increase is seen in social payments, the money for personnel and capital expenditures.
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission..
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