Mixed Results for Bulgaria in 2024: Budget Deficit on Target, Social Issues Persist
Bulgaria’s Ministry of Finance projects a budget deficit of approximately 6.1 billion leva for 2024, equating to 3% of the anticipated GDP
Political instability in Bulgaria is likely to mar optimistic forecasts for economic growth next year, said economists from the Institute for Market Economics.
According to the latest expectations of the European Commission and the International Monetary Fund, the growth of Bulgaria’s economy will be around 2.5% - 3% in 2017.
However, the statements were made before the resignation of the government ensuing in political instability.
''The latest events in Bulgaria will have a negative impact on GDP growth and it will probably be around 2%'', said Desislava Nikolova, chief economist at the Institute for Market Economics, quoted by BTA.
European Commissioner for Economy Valdis Dombrovskis has stated that Bulgaria's objective of joining the eurozone on January 1, 2026
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
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