Send to Kindle
The first reading of Bulgaria's State Budget 2013 started Thursday in Parliament. Photo by BGNES
The first reading of Bulgaria's State Budget 2013 started Thursday in Parliament.
Budget 2013 envisages increased spending on social policy, education, culture, and healthcare, according to reports of dnevnik.bg.
The bill provides for a GDP growth of 1.9% mainly driven by domestic demand and a deficit of around 1.3%.
The employment and unemployment rates are expected to stay the same as in 2012.
Budget 2013 envisages increased allocations in the following priority sectors: culture, up by BGN 35 M, healthcare, up by 91 M, public infrastructure, up by BGN 510 M, and agriculture, up by BGN 196 M.
Starting January 2013, the minimum wage will increase by BGN 20 to BGN 310, and the minimum social security thresholds will go up from BGN 2000 to BGN 2200.
As of April 2013, pensions will increase on a differentiated basis by an average 9%.
Starting 2013, a new tax will enter into force – interest earnings from deposits of natural persons will be taxed at 10%.
Starting 2013, there will also be a turnover tax rate of 7% on online gambling.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Tensions flared in Bulgaria's parliament today as the Bulgarian Socialist Party (BSP) raised concerns over the return of migrants with criminal records from Germany, sparking a heated debate in the plenary hall
In a session held on Monday, Parliament advanced the 2024 State Budget Bill at its first reading, marking a significant legislative step forward
Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame
Bulgaria’s caretaker Premier Stefan Yanev called on the MPs to amend the state budget, in order to meet the challenges related to the new Covid-19 wave and avoid social tension later in the autumn.
The Bulgarian National Assembly has adopted the annual report of the Counter-Corruption and Unlawfully Acquired Assets Forfeiture Commission.
Bulgarians will work for the State for nearly 140 days in 2021, and the tax freedom day will not come until the end of May.
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
