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

Music and art under the stars in the Balkan Mountain

For the sixth year in a row, the village of Debnevo in the Balkan Mountain near Troyan is hosting the international music and arts festival Jam on the River. The event, which gathers many foreign and native musicians, will take place..

published on 7/31/24 8:15 AM

Stara Zagora marks 147 years since the battles in defence of the city

147 years have passed since the battles for the defence of Stara Zagora in 1877. As a sign of respect and appreciation for the heroism of those who died for freedom, on July 31, at 10:00 a.m., at the "Defenders of Stara Zagora"..

published on 7/31/24 8:00 AM

It will be sunny and warm in the whole of the country

On Wednesday the weather will be sunny and warm. Over the eastern half of the country there will be moderate north-easterly wind. The lowest temperatures will be between 15 and 21°C, in Sofia – about 16°C. The highest will be..

published on 7/30/24 6:45 PM