The Ministry of Finance has published the draft of the State Budget Act for 2023. It envisages that at the end of the year inflation will be 5.6%. The projected GDP growth is 1.8 percent, relying on rise in exports and consumption. The deficit is 3%. The minimum monthly salary is raised from 357 euros to 392 euros from January 1, 2023. Pensions rise on July 1 by 12 percent.
Until 2025, no increase in taxes and social security contributions is foreseen, but improvement in revenue collection is expected. Revenues are expected to reach EUR 34,911 billion. Expenditures are EUR 37,212 billion or 40.1% of GDP.
The budget is expected to be adopted by the government by the end of June, to pass through parliament in July and to come into effect on August 1.
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical Institute (NSI). The biggest increases were in the prices of heating and utilities. According to the..
One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
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