The Poverty Line in Bulgaria for 2024 will be BGN 526
This was announced at a briefing by the Minister of Labor and Social Policy, Ivanka Shalapatova, after the government adopted the decision at today's meeting
The government has set a poverty line for 2020. Its size will be BGN 363 - up with BGN 15 compared to 2019.
The amount is determined in accordance with the methodology for determining the poverty line for the country. The amount is calculated on the basis of the poverty line determined by the EU-SILC survey and the Price Indices of a Small Basket (PISB).
The poverty line is used in the development of state income and living standards, in the definition of specific social protection measures, and is the basis for determining the amount of financial support for people with disabilities.
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