Preliminary data from Bulgaria’s Ministry of Finance indicates a slight reduction in the budgetdeficit for November compared to October. By the end of November, the deficit is expected to stand at 3.7 billion leva, marking a decrease from nearly 4 billion leva reported in October. This adjustment corresponds to a decline in the deficit as a percentage of the projected gross domestic product, from 2% in October to 1.9% in November.
The Ministry attributes this improvement to increased corporate tax revenues collected during the month. Additionally, 125 million leva were allocated in November as compensation for agricultural producers impacted by damages resulting from Russia’s war in Ukraine. These payments were part of the government’s ongoing support efforts.
Despite the narrowing of the deficit, the Ministry underscores that the 2024 budget was designed with a target deficit of 3% of GDP, equating to approximately 6.2 billion leva. The final budgetary data for November is expected to be released at the end of December.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
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