Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
The government foresees increasing the minimum wage from BGN 460 to BGN 510 as of January 1, 2018, to BGN 560 as of January 1, 2019 and to BGN 610 as of January 1, 2020. This is part of the mid-term budget forecast for 2018-2020, the Finance Ministry said.
Key targets remain fiscal stability, removing macroeconomic unbalances and conducting consistent, transparent and foreseeable fiscal policy to improve business environment, encourage investments and stimulate labour market for achieving economic growth and employment.
Deficit in the consolidated fiscal programme for 2018 and 2019 remains, respectively, 1% and 0.5% of GDP.
For 2020, the government plans a balanced budget. Revenue is expected to stand at 36.5-36.6% of GDP, while financing of public expenditure policies will range from 37.5% of GDP in 2018 to 36.5% of GDP in 2020. The government does not plan significant tax changes.
Considering net debt financing in 2018-2020, debt-to-GDP ratio is expected to decrease to 22.3% by the end of the period, mainly due to repayment of outstanding debt.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
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