Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's Finance Minister presents the parameters of Budget 2024

Assen Vassilev
Photo: BTA

Bulgaria's Minister of Finance Assen Vassilev presented the draft of the state budget for 2024. It foresees a GDP growth of 3.2% and an average annual inflation of 4.8%, and according to estimates, it should fall to 3% at the end of 2024. 

A minimum salary of 933 BGN /477.04 EUR/, an increase in pensions by 11% according to the Swiss rule, are drafted. Higher health care costs due to the increased average wage are also accounted for. 

Defence spending is just over 2% of the GDP. Revenues of BGN 77.6 billion (EUR 39.68 billion) and expenditures of BGN 83.8 billion (EUR 42.85 billion) are expected. 

The public debt is expected to remain more or less at the same levels as a percentage of the GDP, or 23.8%.

The discussion of the budget of the National Council for Tripartite Cooperation and its adoption by the Council of Ministers is pending, after which it will be voted on in the parliament./MI



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

Inflatable boats used to transport migrants across the English Channel seized at border with Turkey

Eight inflatable boats used to transport migrants illegally from the EU to the UK across the English Channel have been confiscated at the Lesovo border checkpoint on the border with Turkey. They were declared to customs authorities as..

published on 1/21/25 2:29 PM

Train crash exposes serious problems in Bulgarian railways

There are 1,300 vacancies in the National Railway Infrastructure Company, or about 10% of the jobs - mainly for mechanics, traffic controllers, and switchmen. This was what the chair of the Union of Railway Workers in Bulgaria, Petar..

published on 1/21/25 1:52 PM
Kostadin Angelov

The names of new deputy ministers and regional governors are not known yet

Prof. Kostadin Angelov has been elected as the first rotating chair of the Council for Joint Government Management. The first meeting was attended by Minister of Finance Temenuzhka Petkova and Deputy Prime Minister Tomislav Donchev as..

published on 1/21/25 1:27 PM