Kiril Petkov on his Citizenship: I Do Not Feel Any Guilt
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
The Ministry of Finance envisages 2019 to be the last with a budget deficit, and next year will plan the budget with a surplus of 0.4% of GDP for 2020, 0.2% of GDP for 2021 and 0.1% of GDP for 2022. This is included in the draft medium-term budgetary projection by 2022 published for public discussion.
The ministry's forecast is for GDP growth of 3.3% per annum in the next three years, 4.1% unemployment in 2020 and 4% over the next two, and declining annual average inflation from 2.5% to 2.1%.
In 2020-2022, employment growth is expected to slow down and gradually move to a 0.1% reduction in 2021 and 0.3% in 2022. The explanation is for the negative demographic trends that are reflected in a decline in the workforce. In addition, the free labor resource of unemployed and discouraged people (who want to work but do not believe they will find a job) has quickly exhausted.
The unemployment rate will continue to decline to around 4.0% in 2021-2022.
The Finance Ministry's projection is that inflation will decline due to the expected decline in international oil prices, the stabilization of prices for other commodities and the slower domestic demand growth. It is possible to have an increase in some of the prices of goods and services at administrative prices in the forecast period, warns the agency.
There is no change in taxes for citizens and business.
The forecast foresees an administrative increase of the minimum wage to BGN 610 from 1 January 2020 and to BGN 650 from 1 January 2021, as already reported, and in the year 2022 the amount of BGN 650 will be maintained.
The maximum insured income over the entire period is expected to be BGN 3,000. No changes are made to the period of payment of the cash benefit for pregnancy and childbirth - 410 days, nor to the amount of the child benefit up to the age of 2 - 380 lv .
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022