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

Bulgaria has been frugal in its anti-crisis spending: TU analysis

Photo: archive

In 2020 Bulgaria undertook anti-crisis policies which cost 6.7% of the country’s GDP in 2019, the average European spending being 14.3%, indicates an analysis by the Institute of Social and Trade Union Studies of the Confederation of Independent Trade Unions in Bulgaria.

Romania is the only country to have spent less at 4% of its GDP. Portugal, Slovakia and Estonia have spent approximately the same amounts as Bulgaria.

Data show that Bulgaria’s economy policy, though correct and expressed in very specific measures, is by far more conservative than the measures indertaken by the other EU member countries. This is strange, because Bulgaria has no government debt problem or chronic deficit, as most other EU countries do, the analysis comments. 



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

Sophia and Irina Kushleva

Founders of Richmond's "Zora" Bulgarian School: Let's keep our roots and our Bulgarian spirit!

The story of the Bulgarian Sunday School "Zora" in Richmond began in 2014 in the capital of the US state of Virginia. Ten years ago it had only 14 students; today it has three times that number. Parents spend time and money to send their child to a..

published on 7/30/24 1:21 PM

French planes have joined efforts to put down wild fires at Bulgarian-Greek border

The range of the fire on the Bulg arian-Greek border has increased overnight. The fire has crossed the protective clearing over 2 places into Bulgarian territory but has been contained, authorities said.  All teams have been mobilised and are..

published on 7/30/24 12:02 PM

Bulgarian students win 4 medals at International Chemistry Olympiad, Victor Lilov takes the gold

Bulgarian students have won 4 medals at the International Chemistry Olympiad in Saudi Arabia , held from 21 to 30 July. They won one gold, one bronze and two silver medals.  The gold was won by 12th grader Victor Lilov , the Science Olympic..

published on 7/30/24 10:38 AM