Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

Budget deficit reaches 0.4% of GDP

Photo: Pixabay

At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross Domestic Product. By the end of the year, the deficit is expected to reach the planned 2.5% of GDP.

The rise of the deficit, which was 26 million euro in August, comes from planned significant payments of interest on the state debt, as well as state aid to farmers aimed to overcome the negative economic consequences of Russian aggression against Ukraine and other payments.

Expenses of the state have reached 65.4% of the planned EUR 24.3 billion. They have increased by 10 percent compared to the same period in 2022. The most significant increase is seen in social payments, the money for personnel and capital expenditures.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Investments from the USA in Bulgaria are higher than official figures

Investments from the USA and Canada in Bulgaria are larger in size and effect than official statistics report. This is indicated by the second study of the Institute for Market Economy in the last 5 years.  For a number of reasons, many global..

published on 12/11/23 11:50 AM

IMF: Bulgaria should bring inflation to levels that meet the requirements for adopting the euro

I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT...

published on 12/10/23 10:48 AM
Minister of Economy Bogdan Bogdanov (C) with representatives of a Korean corporation in South Korea.

Korean technology giant interested in joint projects with Bulgaria

Minister of Economy and Industry Bogdan Bogdanov has discussed new areas of cooperation and implementing joint projects in Bulgaria with the Vice-President of a Korean technology giant, the Ministry of Economy and Industry said.  The company is a..

published on 12/9/23 4:51 PM