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

Finance Minister Assen Vassilev: No reason to extend the 60/40 mechanism

COVID-19 temporary wage subsidy will be into effect in Bulgaria until the end of June

Асен Василев
Photo: BGNES

The measure to support employers in relation to the coronavirus pandemic is likely to be dropped, said Finance Minister Assen Vassilev. The 60/40 financial instrument will be discontinued once it expires, as there will be no reason to reactivate it.

During question time, Vassilev pointed out to the MPs that the funding extends until three months after the end of the epidemic situation and the pandemic, i.e. until 30 June.

According to the Finance Minister, if the incidence continues to decline, there will be almost no anti-Covid measures in April, May, and June, so there will be no necessity for the 60/40 measure to be reactivated. Vassilev reminded that a new budget revision is due in the middle of the year, in which more funds should be earmarked for compensation in the tourism sector.




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

Kiril Petkov (L) and Nikolay Denkov (R)

PP will not participate in discussions to form a government

The MPs from We Continue the Change (PP) reaffirmed at a meeting the position of the National Council of PP that "within the 50th National Assembly, there is no necessary majority for the creation of a truly reformist, anti-corruption and..

published on 7/9/24 5:52 PM
Atanas Atanasov

Atanas Atanasov: PP-DB are ready to propose a government with the third cabinet-forming mandate

There is no division in We Continue the Change-Democratic Bulgaria (PP-DB) and they will propose a government with the third cabinet-forming mandate if it is handed to them. ''We will go to the president with a ready platform to convince him that we..

published on 7/9/24 5:44 PM

GERB-SDS will not support second or third exploratory mandate

Without having any clarity on the exact timing of the second exploratory mandate for government formation, GERB said in a media statement that the GERB-SDS parliamentary group will unequivocally not support it under any circumstances. This stance also..

published on 7/9/24 4:32 PM