Following the approval of the 2023 draft budget, the caretaker cabinet decided to table it to the National Assembly. According to the draft budget, the budget deficit for 2023 is set at 6.4% of the country’s gross domestic product.
According to the macroeconomic forecast of the finance ministry, the GDP growth in 2023 will slow down to 1.8%, and this will be in line with consumption, exports and inventory changes. GDP growth is projected to accelerate to 3.3% in 2024. At EUR 2.3 billion, the minimum fiscal reserve by December 31, 2023 is to remain unchanged from the amount set in the 2022 State Budget Act. The debt-to-GDP ratio is expected to increase to 25.3% in 2023, 29.6% in 2024 and 33% by the end of 2025.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
Partly cloudy, chance of snow