“The budget does not focus sufficiently on the effectivity of spendings, or on attaining certain goals in politics,” Latchezar Bogdanov from the Institute for Market Economics commented for the BNR.
The biggest budgeting problem is what the policies are behind the expenditures made, he said. But in this instance, instead of looking for a targeted effect and addressing the problems, the easy road is being taken – child benefits for all children, an additional 50 Leva for all pensioners, the economist said.
“That is income policy at the cost of a large budget deficit,” he said. Latchezar Bogdanov added that there was no vision of investment or job creation stimuli.
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
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