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Pension expenditure increases by nearly EUR 450 million

Photo: BGNES-archive

Bulgaria’s caretaker cabinet approved a report on the implementation of the state budget for the first 9 months of 2021. At the end of September, the fiscal surplus exceeded EUR 500 million. According to this country’s Ministry of Finance, revenue collection is going according to plan. However, the planned capital expenditure is lagging behind schedule. It amounts to EUR 61 million, whereas the planned capital expenditure is to the tune of EUR 1.2 billion.

Pension expenditure increased by nearly EUR 450 million, due to the monthly supplements paid to all Bulgarian pensioners. Health expenditure is also higher and is due to the coronavirus pandemic.


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