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State budget will be adopted in January 2022

Photo: Archive

Before the new Bulgarian government takes oath, the caretaker cabinet has suspended the procedure for the prepared budget for 2022. The plans are for the budget to be approved in January, and until then the state to spend 1/12 of the money provided for 2021.

At a last and extraordinary meeting, the caretaker ministers decided to increase Bulgaria's contribution to the International Investment Bank by 42m euros. With the current 123 million euros, the country is the second largest shareholder in the bank. The increase of the Bulgarian participation must be approved by the parliament. The International Investment Bank was founded in 1970 by the former socialist states. By the end of 2022, Sofia intends to increase its share in the treasury to 250 million euros, BGNES reports.

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