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

Yogurt Festival opens in Momchilovtsi village

A Yogurt Festival – Culture and Tradition, 2024, opens today in the village of Momchilovtsi near Smolyan in the Rhodopes. The festival, organized by the Momchilovtsi mayor’s office, a Chinese partner company and others, will go on until 1..

published on 8/30/24 7:40 AM

Weather forecast: The rain and thunder continue, the wind picks up

Over the next 24 hours the atmosphere over the country will remain unstable. Cumulus and cumulonimbus clouds will continue to form and there will be brief showers, in some parts there will be heavy rain and thunder. Conditions are at hand for hail...

published on 8/29/24 6:20 PM

Ahmed Dogan's DPS has applied to the Patent Office for the party's name

Ahmed Dogan's Movement for Rights and Freedoms has filed an application with the Patent Office to retain the trademark "DPS - Movement for Rights and Freedoms" , informed BNR-Horizon'ts reporter Daniel Inkov . The application was submitted on 29 July..

published on 8/29/24 6:16 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 13 | Max: 28

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

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..

published on 8/30/24 10:35 AM

Start given in Vidin to Dunav Ultra, the longest cycling route in Bulgaria

100 cyclists from 5 countries are leaving from Vidin on the Danube this morning, on the longest cycling route in the country. This year’s 11 th edition..

published on 8/31/24 7:25 AM

Commission to decide whether Ahmed Dogan needs to be protected by the National Service for Protection, interior minister says

A Commission, formed following the requirements of the National Service for Protection Act, will make an evaluation whether the honorary chairman of the..

published on 8/30/24 4:42 PM

Share