At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024.
Minister of Finance Assen Vassilev expects inflation to be between 3 and 4.8% in 2024, as well as 3.2-percent GDP growth. The expectation is for a GDP of 102.5 billion euros. The final parameters of the budget also depend on the tax laws that the parliament would adopt. The budget will be published for discussion, Minister Vassilev said.
The zero rate of VAT for bread and flour is preserved until mid-2024. It is proposed to keep the 9% VAT for restaurateurs and hoteliers, but only if the industry accepted electronic payment of salaries through banks. All establishments with an annual turnover of less than 50,000 euros will pay patent tax, not VAT, as the money from the tax will go to the municipalities,” Vassilev said.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Mostly Cloudy
Partly Cloudy