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

Monument to Dabko Dabkov in the center of Varna

150 years since the birth of architect Dabko Dabkov, who left a bright mark on Varna

The Municipality of Varna is organizing a celebration for the 150th anniversary of the birth of great architect Dabko Dabkov (21.01.1875 - 08.04.1945). The anniversary will be marked today with a discussion in the municipality at 16:00 on the topic..

published on 1/21/25 7:10 AM
Rosen Zhelyazkov

Bulgaria's new PM Rosen Zhelyazkov to meet with heads of European institutions in Strasbourg

The newly-appointed Bulgarian Prime Minister Rosen Zhelyazkov is on a two-day working visit to Strasbourg on January 21 and 22 .  During his first visit abroad, the Prime Minister will hold meetings with the heads of European institutions - European..

published on 1/21/25 6:05 AM

Morning fog, cloudy skies at daytime, sunshine at noon expected on Tuesday

On Tuesday, in the morning hours it will be foggy or with low layered clouds . Minimum temperatures will be between minus 5 and 0°C, in Sofia - around minus 3°C. During the day, the cloud cover over the country will be significant. Around noon, it will..

published on 1/20/25 7:05 PM