The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026.
The draft law foresees a deficit of 3% and economic growth of 3.2%. Average annual inflation is expected to be 4.8 per cent and GDP to be EUR 102.6 billion.
Prime Minister Nikolai Denkov described the 2024 budget as "very well prepared" and "balanced" and said he felt "comfortable" that it would be adopted on time.
Investment of 10 billion euro and an 11 per cent increase in incomes, including pensions, are planned, Finance Minister Assen Vassilev said. The amount of new public debt that can be contracted has been reduced by 500 million euros to 6.3 billion euros. The budget will be submitted to Parliament for consideration next week.
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In the next 3 to 5 years, Bulgaria will experience a shortage of more than 250,000 specialists with higher education. For the past 8 years, Bulgaria has missed the opportunity, which a number of EU countries have taken advantage of, to conclude an..
The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..
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