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

Patriarch Daniil

Patriarch Daniil: The Church's vocation is to bring together those who are divided

''The Church's vocation is to bring together those who are divided'', the newly-elected Bulgarian Patriarch Daniil said before his first Holy Mass. ''Today is a special day as we celebrate the translation of the relics of St. John of Rila to the Rila..

published on 7/1/24 11:58 AM

GERB's draft cabinet has three priorities

The first and most important goal is the adoption of the state budget. The second is the Recovery and Resilience Plan. The eurozone is a political issue and if we have a government, I believe we can move it forward and then go to elections, GERB..

published on 7/1/24 10:46 AM

GERB-SDS receives the first cabinet-forming mandate, proposes cabinet lineup

Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest parliamentary group-GERB-SDS. Rossen Zhelyazkov announced the structure and composition of the cabinet,..

published on 7/1/24 9:44 AM