Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Drop in budget revenue due to lower fuel prices

Photo: BGNES

"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel. Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert Martin Vladimirov from the Center for the Study of Democracy told the BNR. 

The negative effects on the Bulgarian economy come because of the much lower budget revenues from VAT and excise duties, the expert said. In Bulgaria, fuels annually account for about 30% of VAT revenues. The decline in May and June is estimated at between 30 and 35%, which is a serious shock to the budget, Vladimirov commented.





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

The caretaker government approves a draft law amending the Foreigners in the Republic of Bulgaria Act

The caretaker government approved a draft law amending and supplementing the Foreigners in the Republic of Bulgaria  Act. The adopted amendments aim to synchronize the document with EU directives regarding the conditions of entry and residence of..

published on 1/15/25 3:52 PM

The caretaker cabinet approves an agreement for the acquisition of Javelin missiles

The caretaker cabinet approved an international agreement for the acquisition of anti-tank guided missiles Javelin under the U.S. Foreign Military Sales program. The decision proposes that the National Assembly ratify the agreement by law. The..

published on 1/15/25 2:56 PM
Rosen Zhelyazkov

The №1 priority of the new cabinet will be to request a convergence report for Bulgaria's entry into the eurozone

After it became clear that the prospective cabinet would be backed by a coalition of GERB-SDS, There is Such a People and BSP, Premier-designate Rosen Zhelyazkov explained that the political responsibility would be shared by all participants in the..

published on 1/15/25 2:24 PM