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

MPs adopt state budget during all-night parliamentary sitting

Photo: BTA

The National Assembly has finally adopted the state budget after a 21-hour-long parliamentary sitting, which ended today at 5:41 a.m. The budget has been prepared on the basis of macroeconomic indicators of 1.8% economic growth and 8.7% average annual inflation. Yesterday, however, the Bulgarian National Bank lowered its forecast for GDP growth to 1%.

"The budget is within the initially set parameters - with a 3% deficit, with a serious capital program, with a redistribution of part of the capital expenses to additional payment in the amount of about 150 million EUR," Minister of Finance Assen Vassilev said. According to him, the fiscal measures have largely been preserved in order to collect the revenues.

The salaries of employees in companies with a staff of over one hundred people are now required to be transferred by bank, the MPs have decided.

The Ministry of the Interior, the State Agency for National Security, the National Social Security Institute and other ministries and departments will receive funds for raising the salaries of their employees. Additional funds have also been provided for the BNR – about 750,000 euro more than what was previously proposed by the Ministry of Finance.




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

Kristian Vigenin

If BSP receives the third mandate, it will try to form expert cabinet

The return of the second mandate was not unexpected, deputy chairman of the BSP Kristian Vigenin said. According to him, forming a government within the framework of the 50th parliament is increasingly difficult to achieve. However,..

published on 7/22/24 2:28 PM

PP-DB returns the second mandate immediately after it was handed over

President Rumen Radev handed over the second exploratory mandate to form a government to the second largest parliamentary group in the 50th National Assembly - "We Continue the Change" - "Democratic Bulgaria" coalition (PP-DB).  At the handing..

published on 7/22/24 12:14 PM

Caretaker government signs contract for East-West energy corridor feasibility study

A contract between the US Trade and Development Agency and the Electric Power System Operator for the feasibility study for the East-West Energy Corridor was signed at the Council of Ministers.  The funding, amounting to USD 1.2 million, is..

published on 7/22/24 11:26 AM