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 World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..
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