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.
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
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