The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028.
The size of pension insurance is to be preserved in 2025, but is envisaged to increase by 3% in 2026 and by 2% in 2027. Next year, the minimum monthly salary will increase to EUR 522. Salaries in the budget sector are to go up by 10%. Salaries in education, security and defence are to go up in accordance with the mechanisms negotiated. As a proportion of the GDP, the overall level of revenues for the 2025-2028 period will range between 39.9% and 43%. The government debt over 4 years will go up from 27.8% to 32.8% of the GDP. The growth of the economy will increase to 2.8% in 2025 and to 3% in 2026. The inflation in 2025 is expected to be 2.6%. The budget for 2025 proposes an increase in the excise duty for alcohol and cigarettes, a one-off tax amnesty on the interest on tax arrears, and a one-time 15% tax on undeclared taxes.
Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use...
Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in Sofia between Deputy Minister of Agriculture and Food Lozana Vasileva and Wan Lejun, Chief Animal..
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for Reconstruction and Development President Odile Renaud-Basso said in an interview with BTA. The..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate..
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