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.
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The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating..
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