It is achievable to keep to a deficit of 3 percent, Petar Ganev, senior researcher at the Institute for Market Economy has told BNR. "We don't have pitfalls in the budget that are insurmountable. With a strict position of the finance minister, this could be done," Ganev said and warned that VAT collection was extremely tense in the 2023 budget.
"Between the first and second reading of the budget, there are over 80 proposals for amendments from the opposition and those supporting the cabinet. There will be some changes. They will probably be in the direction of raising salaries in certain institutions and raising some social payments but the amount will not change the overall framework," the economist says. A deficit of 3% for the next budget in 2024 is on the verge of being possible, Ganev warned.
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister..
Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious..
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