The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of GDP. The draft budget includes the investment program promised to municipalities. VAT rates for restaurateurs, bread and flour return to 20%.
The structural plan shows that the goal is to gradually reduce the deficit, with the only exception being in 2027, when the deficit will exceed 3% due to the acquisition of military equipment.
For the period 2025-2028, the deficit under the consolidated fiscal program will range between 2.2% and 3% of GDP. Annual inflation according to European methodology will be 2.4% in 2025, and is expected to be 2% thereafter. GDP will grow by about 2%.
Social Minister Borislav Gutsanov will attend an open lesson today at the Alexander Pushkin Secondary School in Varna, organized by the State Agency for Child Protection. The event is part of the campaign that informs children..
On Monday, it will be mostly cloudy over most of the country and in some places it will rain. The lowest temperatures will be between 4° and 9°C; in Sofia - about 6°C. The highest will be between 13° and 18°C, slightly lower along..
“I am deeply saddened by the news of the horrific missile attack on the center of the city of Sumy on Palm Sunday,” Prime Minister Rosen Zhelyazkov wrote on the social network X. The Prime Minister expressed empathy for the..
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Five out of seven paediatricians at the capital's Fifth Multiprofile Hospital for Active Treatment "Knyaginya Klementina" have submitted their resignations..
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