Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Finance Minister: Budget 2023 is feasible, does not cut social expenditure

Photo: Maria Fileva

The 2023 state budget does not tighten belts and does not cut social costs, Bulgaria’s Minister of Finance Assen Vassilev said for the BNR. We manage to collect taxes and maintain social spending without raising taxes. We inherited from the caretaker cabinet a deficit of EUR 600 million at the end of May, and in June there is a surplus of EUR 100 million, Assen Vassilev explained.

The targeted GDP growth of 1.8% will be achieved. There are no concerns that the budget deficit will exceed 3%. "The budget framework is going to withstand unless a second Chernobyl happens at the Zaporizhzhia NPP. Any requests for wage increases lead to new demands. Money should not be poured into unreformed sectors. If MPs support pay rises in some sectors, that is their decision”, Minister Vassilev added.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

China bans imports of animals and animal products from several countries, including Bulgaria

China has banned the import of sheep, goats, poultry and equines from African, Asian and European countries.    The ban from the world's largest meat importer affects Ghana, Somalia, Qatar, Congo, Nigeria and Tanzania, Egypt, Palestine, Pakistan,..

published on 1/27/25 10:41 AM

Bulgaria is among the leading countries in the world in coin exports, including to the USA

Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that do not have an official exchange rate, other than gold coins" . This was reported by the Sega website..

published on 1/27/25 10:23 AM

Greeks and Romanians shop in Bulgaria on mass scale after the Schengen entry

The benefits for Bulgaria from full entry into Schengen are estimated at over 800 million euros per year. The largest benefits will be for manufacturers and exporters. But while this macroeconomic effect is awaited, the benefits are already being felt..

published on 1/27/25 8:55 AM