Growth in social security revenue in the State Social Security Fund (SSSF) budget slowed in May, while pension expenditures continued to rise
The key to improving the Bulgarian pension system lies in the grey economy and the undeclared billions in it. This opinion was expressed by Social Minister Borislav Gutsanov
Pension expenditure reached BGN 13.6 billion in July. It increased by BGN 1.5 billion, or 12.4% on an annual basis, according to data from the National Social Security Institute
Bulgaria's pension system is one of the most sensitive and exploited topics in public and political debate. It is often used as a convenient tool for manipulating public opinion
In 2024, the Bulgarian budget will supplement the pension system with over 5 billion euros and so it may be necessary to take on new debt
