Government Proclaims Its Mid-Term Budget Forecast

Business » FINANCE | May 12, 2017, Friday // 16:57| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Government Proclaims Its Mid-Term Budget Forecast

The financial ministry has proclaimed its draft mid-term budget forecast up till 2020. Preserving of the fiscal stability, overcoming of macroeconomic imbalances and a fiscal policy, aiming at encouraging investments and stimuli for the labor market – these are the key priorities of the cabinet, BNR reported.

Economic growth of 3.0% is envisaged for 2017, then 3.1% for 2018 and 3.2% in 2019 and 2020.

Consumption will be one of the main engines of this growth.

The minimum wage will be gradually increased from the current EUR 230 to EUR 305 in 2020.


Finance » Be a reporter: Write and send your article
Tags: economic growth, consumption, The minimum wage, Financial Ministry
Advertisement All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria