Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Parliamentary Budget Committee adopts update of Budget 2020

Photo: BGNES

With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.

GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria introduces preventive measures against small-ruminants plague

The Ministry of Agriculture and Food and the Bulgarian Food Safety Agency are introducing enhanced measures against the entry of small-ruminants plague (PPR) into Bulgaria. The preventive actions are due to the worsening situation..

published on 7/31/24 11:13 AM

Sofia will host session of UNESCO World Heritage Committee in 2025

Bulgaria will host the 47th session of the UNESCO World Heritage Committee in 2025. The proposal was voted on during the 46th session of of the WHC in New Delhi, India.  Bulgaria raised its candidacy for being a host after the..

published on 7/31/24 9:29 AM

Bulgaria fights two severe fires in Slavyanka and Maleshevo mountains

The situation related to the two fires raging in Maleshevo and Slavyanka mountains is complicated. Both fronts remain active. About 6,000 decares of forest area in Mount Maleshevo were affected, as well as over 3,000 decares of..

published on 7/31/24 8:45 AM