Bulgaria to Spend BGN 100 M Yearly on Pension Allowances
Bulgaria's government is planning to spend BGN 100 M (EUR 50 M) a year on Christmas and Easter pension allowances.
In 2015 alone, BGN 265 M (EUR 132.5 M) are to be put aside for pensions.
Their minimum threshold is expected to increase from BGN 154.50 (EUR 87.25) to BGN 168.50 (EUR 89.25) by July 1, 2017.
At a new conference revealing the cabinet's 2015-2017 midterm budget projections, Finance Minister Petar Chobanov also said the attempts will be made to increase its expenditures on education and local governance, Dariknews.bg has reported.
Some BGN 12 M (EUR 6 M) will be dedicated to fighting unemployment in 2015, as the cabinet hopes to reduce the share of jobless people in Bulgaria from over 12% to 10.9% in 2017.
The budget deficit will account for 1.5% of GDP in 2015, with an estimated drop to 0.9% by 2017.
- » Bulgaria's Interior Ministry Plagued by BGN 97M Budget Gap
- » Bulgaria’s Struma, Hemus Motorways Listed as Key Priorities in Transport OP 2014-2020
- » Bulgaria’s Govt to Allocate Extra BGN 8M to Sofia Metro Line 2 Extension
- » Threat to DPS Leader's Life 'Received' During Previous Parliament
- » 3 out of 4 Senior Executives of Bulgaria's Agriculture Fund Replaced Overnight
- » Temenuzhka Yankova Appointed Deputy Chief of Bulgaria's Revenue Agency