Income of Bulgarians Increases by 12% for the First Quarter

Business » FINANCE | May 19, 2020, Tuesday // 09:45
Bulgaria: Income of Bulgarians Increases by 12% for the First Quarter pixabay.com

An increase in the income of Bulgarians of over 12% at the beginning of the year was reported by the National Statistical Institute. The average income already exceeds BGN 1,700 per month.

At the same time, the total costs increase by less than 6% or average is about BGN 1,480.

The highest incomes are from salaries, followed by pensions.

Salary income increased in the first quarter of the year to average BGN 1,002, pensions also increased, but at a slower pace and average reached BGN 473. The largest increase is marked by the incomes from benefits - by 42 per cent.

At the beginning of the year. most of the spending is on food, a little over 31% and we spent more than 17% of our income on overheads./BNT

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) 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." Novinite.com (Sofia News Agency - www.sofianewsagency.com) 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