Budget 2023 is provisional, economic policies for 2024 will be important.

published on 7/30/23 12:53 PM

Photo: BTA

The budget for 2023 comes into force late, we cannot expect miracles or anything extraordinary to happen in the next 5 months, Eurofound Executive Director Ivaylo Kalfin told BNR.

"This budget is simply so that we have a budget to the end of the year. There are no policies in it," said Kalfin, who is a former Bulgarian vice-premier, minister of social affairs and minister of foreign affairs.

"It will be more interesting to see next year's budget, where policies are imperative, especially in the differential taxation of personal income. In its current form, taxation accelerates inequality," Kalfin said. According to him, Bulgaria is ready for Schengen, but this depends on the decision of the Netherlands and Austria and is not related to the agenda of the Bulgarian authorities.

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Eurofound Executive Director Ivaylo Kalfin:

Budget 2023 is provisional, economic policies for 2024 will be important.

More from category

Unions and businesses protest against hike in industrial electricity prices

Eurozone entry could bring benefits for Bulgarian businesses and economy

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries

Unions and businesses protest against hike in industrial electricity prices