Parliament adopts budget 2019 at first reading

Photo: BGNES

The Bulgarian Parliament adopted at first reading the budget for 2019. The budget passed at first reading with the votes of GERB and United Patriots, of one MP from "Volya" and one independent MP. The BSP and the DPS voted against. The priorities of Budget 2019 are social policy, education, defense and income policy. The planned deficit is 0.5% of GDP. GDP growth is projected to reach 3.7% in 2019 due to stronger public investment and public consumption and keep level of 3.5% in the 2020-2021 period. Unemployment is expected to fall to 4.8% next year. Government debt is expected to decrease from BGN 22.2 billion in 2019 to a level of BGN 22.0 billion by the end of 2021.

More from category

Sofia hosts meeting of Balkan countries ombudsmen

Bulgaria’s capital Sofia hosts the meeting of Balkan countries Ombudsmen. Protection of civil rights will be the main topic of discussions during the event. Bulgaria’s national Ombudsman Maya Manolova voiced satisfaction that the forum is held in the..

updated on 11/19/18 5:00 PM

Team of Bulgarian medics go on mission to Mali

A four-member team of Bulgarian military doctors have departed to Mali. This has been the 19th participation of Bulgarian specialists in the EU mission to train the security forces of the African country. The team will take care of the health..

published on 11/19/18 3:55 PM

Premier Boyko Borissov met with Turkey’s Minister of Trade Ruhsar Pekcan

Bulgaria’s Premier Boyko Borissov met with Turkey’s Minister of Trade Ruhsar Pekcan. Borissov and Pekcan discussed ways to boost trade relations between Bulgaria and Turkey. Bulgaria and Turkey cooperate successfully in joint business forums and the..

published on 11/19/18 1:53 PM