Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

IMF urges Bulgaria to raise social security contributions and pensions

Photo: IMF

In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in Bulgaria are low compared to salaries and poverty among pensioners is widespread, nevertheless the deficit in the public social security budget is going up which could boost government debt. According to the IMF, the problems in the pension system can be solved by increasing the incentives for the people who pay social security installments which will raise budget revenues and pensions.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

January 3rd will be a non-school day for the entire country

By order of the Minister of Education and Science, Prof. Galin Tsokov, January 3, 2025, has been declared a non-school day for all schools in Bulgaria.  The teaching content of January 3rd will be restructured by teachers so that it does not affect..

published on 12/3/24 6:36 PM

Police detain 10 persons in large-scale operation against migrant trafficking

10 people from a criminal organization for migrant trafficking have been detained in a police operation in the Burgas region . Among those detained is the organizer of the group, who is 30 years old. The investigation against them continued for a year..

published on 12/3/24 6:15 PM

The weather continues cloudy with light rain showers

On Wednesday, the lowest temperatures will range from 0°C to 5°C, for Sofia 0°C. During the day, it will be mostly cloudy with fog in the plains. There will be light rain in some places. Daytime highs will be between 4°C and 9°C, around 6°C in the..

published on 12/3/24 5:20 PM