pensions (6)

Gutsanov: The key to unlocking the pension system lies in the shadow economy

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

After modernization: Pension expenditures increased by BGN 1.5 billion in July

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

What is the real state of the Bulgarian pension system?

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

The Bulgarian National Social Security Institute will pay out January pensions, although the amounts are unclear

Accruing national debt to pay pensions? The IMF warns of problems in Bulgaria

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

"A lazy refusal to reform": pensions are already a huge burden on the state budget

The sharp increase in pensions over the past three years has led to a huge deficit in the budget of the National Social Security Institute (NSSI)