Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Finance minister withdraws his support for 2023 budget

Finance Minister Assen Vassilev
Photo: BTA

After more than 11 hours of the budget committee meeting, Finance Minister Assen Vassilev said that he no longer supported the 2023 budget. The reason is the sharply increased costs for salaries and other payments and the drastically cut measures to increase revenues. 

The amendments proposed by the parties were accepted at the second and final reading in the parliamentary Committee on Budget and Finance. Whether they will stay depends on the parliament. 

The chairman of the budget committee, Yordan Tsonev from the MRF, said that he was not optimistic. 

MPs from all parties submitted 212 pages with 84 ideas for additions to the draft budget, which in total inflated the projected deficit from 3 to 30%. 

Proposals to return VAT to 20% for a number of sectors were rejected on the grounds that taxes could not be raised in the middle of the financial year.



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

Minister Atanas Zapryanov willing to remain in new caretaker cabinet

Military Minister Atanas Zapryanov has confirmed to journalists that he would accept to remain in the next caretaker cabinet if offered the post. "The main long-term priority in the next caretaker mandate will be personnel. We will develop a..

published on 8/24/24 5:13 PM
Илияна Йотова

Vice-President Iliana Iotova: President will not appoint caretaker cabinet with Interior Minister Kalin Stoyanov

Dimitar Glavchev has a second chance to present a cabinet that will ensure the holding of fair and transparent elections , so that we can have a new government in a few months, Vice President Iliana Iotova told journalists. Ms Iotova attended the..

published on 8/24/24 4:02 PM

MEP asks European Commission about alleged biased inspections against DPS-run municipalities

MEP Ilhan Kyuchyuk has sent written questions to the European Commission regarding reports of large-scale biased inspections by the General Directorate for Combating Organised Crime, the Anti-Corruption Commission, the National Revenue Agency and other..

published on 8/24/24 1:05 PM