State expenditures to exceed revenues in 2015

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The minimum salary in Bulgaria becomes EUR 180 as of January 1, 2015. The length of service needed for retirement increases by 4 months and the retirement age in 2015 is frozen. According to forecasts, the economic growth in 2015 will be at 0.8% and the deficit-at 3% of the country’s gross domestic product. The state will continue to spend more in 2015, because the estimated revenues are lower than the expenditures.

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