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

Dobromir Zhivkov, Market Links

Market Links: 35% of Bulgarians want election to be annulled

More than 35% of people in this country support the idea of a full annulment of the 27 October early election for parliament , indicates a national survey financed and carried out jointly by bTV and Market Links sociological agency. 26% of the..

published on 11/21/24 11:29 AM

Only 10% of pregnant underage girls in Bulgaria have an abortion

The youngest grandmother in Bulgaria is just 28, Dr. Antonio Dushepeev, head of the maternity ward at the University General Hospital in Burgas said for the BNR. 149 underage girls gave birth at the hospital last year alone, the youngest of whom was..

published on 11/21/24 9:59 AM

Bulgaria to grant WHO EUR 100,000 in aid for the civilian population in Gaza

The Council of Ministers has approved the draft of a donation agreement between the World Health Organization and Bulgaria on the provision of a voluntary contribution, amounting to EUR 100,000, in support of the activities of the organization in the..

published on 11/21/24 9:20 AM