There are overwritten capital costs in the 2023 budget draft, the President of the Confederation of Independent Trade Unions in Bulgaria (CITUB) Plamen Dimitrov said, BTA informed. The capital expenditures are set for a little over EUR 5 billion, given that the country has never executed more than EUR 3.75 billion in capital expenditires, Plamen Dimitrov said and added that there is a EUR 1-1.5 billion buffer that should be eliminated.
In his words, the funds for the maintenance of the ministries and departments are inflated by EUR 750 million. Meanwhile, the wages and salary costs are underestimated, Plamen Dimitrov argued. According to him, tax revenues are also underestimated- the country’s gross domestic product is expected to increase by nearly EUR 10 billion and tax revenues usually account for 40% of the GDP. The CITUB President argued that things can be balanced in several ways - with an increase in tax revenue collection or with tax restructuring.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
Partly Cloudy
Clear