Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Finance Minister Assen Vassilev expects the deficit to be lower than planned

Finance Minister Assen Vassilev
Photo: BTA

Preliminary data on the implementation of the budget show that the deficit will be lower than planned, Bulgaria’s Minister of Finance Assen Vassilev said in parliament.

"I expect the deficit to be 2.5%, not 3%. This will leave EUR 500 million that we can use to support next year’s municipal projects, which refutes all dark scenarios that the state will go bankrupt", said Minister Vassilev. According to Assen Vassilev these data give grounds from the euro area perspective to say that the deficit criterion is fully met this year. Next year’s budget is also within the Maastricht criteria. "The only thing that remains is the inflation criterion", Assen Vassilev explained. He added that inflation is largely imported through food and energy sources. According to Minister Vassilev, in June-July 2024 Bulgaria is expected to meet this criterion as well, because prices are falling, and so the country can safely enter the euro area.




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

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM
Dimitar Glavchev (L) and Jeyhun Bayramov (R)

Bulgaria is interested in joining as a co-shareholder in a green energy corridor from Azerbaijan to Europe

Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..

published on 6/11/24 5:26 PM

Bulgaria assumes new debt of 200 million euros

While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..

published on 6/11/24 9:52 AM