Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International Monetary Fund.
''The budget must be anti-inflationary, which is not the case at the moment’’, said Dimitar Radev. ''Global, as well as our own experience, shows that this can best be achieved through measures for effective management and control of spending", Dimitar Radev went on to say. "What we see keeps us vigilant, but at this stage we are not particularly worried", Dimitar Radev said with regard to the increasing mortgage lending.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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