Bulgaria’s Deputy Prime Minister and Minister of Finance Assen Vassilev presented the 2022 draft state budget. He called it a budget of economic growth, which invests in people, projects and infrastructure. The projected revenues exceed EUR 29..
The Institute for Market Economics, IME, presented its traditional alternative budget for 2022, the first time it is doing so without the existence of a new budget framework. The cabinet has projected inflation of 5%, GDP growth of 4.9% and a budget..
According to the Maastricht Treaty, the state budget deficit should not exceed 3% of the gross domestic product (GDP) and the total government debt should not exceed 60% of GDP. So far, these criteria have been strictly..
Bulgaria is beginning the year, 2022, without a budget, voted by parliament, which is unprecedented in the country’s most modern history. According to estimated data, by the end of December 2021, the budget was "in the red" by 4 billion Leva (a..
“No pensioners in Bulgaria will be living under the poverty line. We are to work on a new model to recalculate pensions”, MP Kornelia Ninova who was nominated for Deputy Premier and Minister of Economy, said from the Parliament’s rostrum. In her..
The European Bank for Reconstruction and Development, EBRD, is forecasting that the economy of Bulgaria will grow by 4.2% in 2021, compensating for the 4.2% drop in 2020. This means the EBRD has cut down its June forecast for a 4.5% GDP growth by..
The Bulgarian National Bank, BNB, has lowered the macroeconomic GDP growth outlook by 0.2%, and believes that by the end of 2021 it will be 3.9%. “In view of the postponement of the implementation of nationally-financed infrastructure..
The International Monetary Fund expects Bulgaria’s gross domestic product to increase by 4.5% this year, revising its April forecast for a 4.4% increase. Bulgaria’s economic growth is expected to slow to 4.4% in 2023 and to 4.0% in 2023, reads the..
Bulgaria's gross external debt at the end of July 2021 was EUR 40.527 billion. This is 61.7% of the country's GDP, the Bulgarian National Bank announced. For a year, the debt has grown by almost 3 billion euros and includes both government and private..
A 10% increase in GDP, increase in investment by 4%, increase in gross value added by 8%, increase in exports of goods and services by 20%. These are some of the achievements presented by the Minister of Economy Kiril Petkov at the end of the term of the..
