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.
In 2025, the National Health Insurance Fund will be able to spend 1.2 billion leva (EUR 613 million) more on insured individuals, the draft budget of its Supervisory Board envisages. The health insurance contribution remains 8% of the insurable..
Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..
The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..
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