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

Government debt spending is on the rise without budget update

Photo: BGNES

If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government debt this year to rise by 1.5 billion euros to 5 billion and 150 million euros.

 According to Vassilev, the hike will be used to repay next year's debt, with the difference likely to be almost 1 percentage point. This is a significant expense for the budget, which can be avoided if the debt was issued this year, Vassilev said.




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

Hot Monday with temperatures up to 37°C; short-term precipitation in some places

The night sky will be mostly clear with more clouds until midnight in the western areas of the country where rain showers are possible. On Monday, June 24, the weather will be mostly sunny. In the south-western regions of Bulgaria, cumulus..

published on 6/23/24 6:25 PM
Lena Borislavova

PP-DB: There is no way we can interact with ITN, GERB and DPS

PP-DB will not support a cabinet with the first mandate of GERB-SDS, nor with the second mandate (DPS), or the third, which "certainly would not be expert and independent". "There is no way we could enter into interaction with ITN,..

published on 6/23/24 5:31 PM

Daily flights between Sofia and Burgas during the summer starting in July

The national air carrier "Bulgaria Air" resumed its regular flights between Sofia and Burgas, BNR Burgas has reported. Regular daily flights start on July 1 and there will be daily transport until September 8, except on July 3,..

published on 6/23/24 4:25 PM