Text size

Caretaker cabinet proposes a 2023 state budget with a 6.4% deficit

published on 4/21/23 7:10 PM

Photo: BGNES

The caretaker government is proposing a state budget bill for 2023 with a deficit of 6.4% of the GDP, or more than twice the 3% required by the Eurozone criteria. This was announced at a briefing by Prime Minister Galab Donev and Finance Minister Rositsa Velkova.

In order to achieve a 3% deficit, in March the caretaker government proposed changes to the tax legislation - restoring the reduced rates of VAT and "surplus profit" tax and reducing spending. However, it became clear from what was stated this week by the two largest political coalitions GERB-SDS and PP-DB that they do not support the changes in the tax legislation proposed by the caretaker government.

Similar comments were also expressed by the other parliamentary parties. For this reason, after an analysis, the caretaker government has decided to submit to the parliament a state budget bill for 2023 with a deficit of 6.4% of the GDP, which means almost BGN 12 billion /over EUR 6 billion/.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News budget caretaker cabinet deficit GDP state budget

More from category

The large fire in Rila Mountain has been extinguished

The fire that broke out last Thursday at an altitude of 2,300 meters in the Bayramitsa area above the village of Bistritsa and lasted for 8 days has been contained. Firefighters, forestry workers, military personnel, teams of the Rila National Park..

published on 8/30/24 10:35 AM

Caretaker Minister of Foreign Affairs Ivan Kondov (R)

Ivan Kondov attends the EU Foreign Ministers Meeting in Brussels

On August 29, the EU Foreign Ministers held their first meeting of the new political season. Bulgaria was represented by Caretaker Minister of Foreign Affairs Ivan Kondov. The agenda included the situation in Ukraine, developments in the Middle East..

published on 8/30/24 9:21 AM

Bulgaria has to submit its nominees for European commissioner

30 August is the deadline for the EU members to submit their nominations for European commissioners. Bulgaria has to submit two nominations – of a man and a woman. In a letter to the parties represented in parliament on 27 August, caretaker PM..

published on 8/30/24 7:50 AM