Text size

More money for social spending in Budget 2025, says Social Minister

published on 10/6/24 3:35 PM

Photo: BGNES

The social spending in the state budget for next year is expected to be increased by BGN 620 million, Caretaker Minister of Labour and Social Policy Ivaylo Ivanov told BNR. Thus, the total amount for them will amount to about BGN 3.6 billion (EUR 1.8 billion).

The minister also said that from 1 January 2025 the minimum wage will certainly increase, as the Labour Code stipulates that it should be equal to 50% of the gross average wage. In the second quarter of this year, the average wage in Bulgaria was BGN 2,296.

As for the increase in pensions, this will be done according to the so-called Swiss rule (increase by 50% of the inflation rate and 50% of the increase in the average social security income). "The pension increase will be lower than this year's because inflation is decreasing," Ivaylo Ivanov warned.

Asked whether we will soon retire at 70, the minister said this is not being discussed at the moment, recalling that by 2037 the age should reach 65 for all EU countries.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News average wage in Bulgaria minimum wage in Bulgaria

More from category

Bulgaria marks international Rare Disease Day

At the initiative of the European Union of Patient Organizations for the Fight against Rare Diseases, on the last day of February, we focus on people living with a rare disease. Awareness campaigns are organized to raise public awareness of this issue...

published on 2/28/25 6:15 AM

Friday will be overcast with showers

Friday will be mostly cloudy. Fog will cover the lowlands before midday. It will rain in some places, especially in southern Bulgaria. Minimum temperatures will be between 0 and 5°C, 2°C in Sofia, and maximum between 6 and 11°C, up to 17°C in the..

published on 2/27/25 7:55 PM

Bulgarians want more order and discipline in schools, survey shows

A serious restrictive and even repressive attitude among Bulgarian society on the current issues of school education and upbringing is shown by an independent poll by the sociological agency "Myara". It was conducted between January 29 and 31, 2025..

published on 2/27/25 7:20 PM