“There is potential”: Bulgarian government bets on transparent economy and Schengen membership to fill the budget gap
There is potential for increasing budget revenues. This can be done by putting the spotlight on the shadow economy in Bulgaria
There is potential for increasing budget revenues. This can be done by putting the spotlight on the shadow economy in Bulgaria
Bulgaria’s 2025 public budget will have to cover payments of 2 billion euros that were postponed in 2024. These are delayed expenses for which invoices
The 2025 budget will have a deficit of up to 3% and expenditures of up to 40% of GDP. This was assured at a briefing by Prime Minister Rosen Zhelyazkov
This is contrary to the concerns surrounding the huge planned expenditures in the 2025 Budget
Since the publication of the Budget 2025 draft, Bulgaria’s acting Finance Minister, Lyudmila Petkova, has been heavily criticized by economists, financiers, and politicians
The Bulgarian Ministry of Finance is betting on an unprecedented annual growth in revenues and expenditures in Budget 2025
In the next four years, Bulgaria's public debt will increase by more than 15 billion euros. Accordingly, the interest on servicing this accumulating debt will also increase
Once a snowball gets rolling down a hill, there is no stopping it. This is a useful analogy for the situation with the growing expenses in the Bulgarian state budget