Bulgaria's Draft Budget for 2025: 3% Deficit, State Debt Growth, and Key Tax Changes
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Young people in Bulgaria are expressing significant concerns about their financial futures, according to alarming new data. The first of its kind study, commissioned by the Association "Network for the Development of Personality and Talents" and conducted by the Trend research center, surveyed individuals aged 15 to 29, including students and those already in the workforce.
The findings reveal that nearly half of the youth—45%—fear financial difficulties ahead. When asked about their current fears, 27% cited concerns about academic or job performance, 26% mentioned health issues, and 22% expressed anxiety over disappointing their families. Despite these troubling statistics, 73% of young people remain optimistic about their future.
While the younger generation is grappling with various challenges, a mere 2% seek specialized help from therapists. Psychologist Plamen Dimitrov and former social minister Hristina Hristova discussed these issues during a segment on NOVA NEWS TV.
Dimitrov pointed out that young individuals are aware of the changes they need to make in their lives, noting, "They want more psychological support programs—whether in schools, workplaces, or universities." He emphasized the need for psychologists, mentors, and counselors as emerging addictions become a growing concern among the youth.
Hristova elaborated on the fears of young people, stating that 27% worry about their performance at work, with 19% fearing they won't meet expectations. Financial uncertainty and concerns about career fulfillment rank as the primary worries for this generation.
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026
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