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

Ministry of Finance: Funding under Recovery Plan to be cut because of Boyko Borissov government

Boyko Borissov
Photo: BGNES

The funding under the Recovery and Resilience Plan has been cut because of a mechanism signed by the government of Boyko Borissov, reads a position by the Ministry of Finance. The non-reimbursable funding for Bulgaria has been reduced by almost EUR 580 million due to the legal framework signed by the Borissov cabinet which stipulates that 30% of the entire grant be recalculated on the basis of the economic growth for 2021 actually recorded. The data regarding this growth were finalized as of June 2022 on the basis of which there is a reduction for the country, because Bulgaria’s economic indicators are better than the EU average, the Finance Ministry explains.

At the same time the Ministry points out that the recalculation affects all member countries simultaneously, not just Bulgaria. The non-reimbursable funding for 22 member countries under the mechanism has been reduced, 7 of them have had larger sums cut than Bulgaria has.



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

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM