Bulgarian Parliament Adopts Budget for 2017

Bulgarian Parliament Adopts Budget for 2017

After stormy debates, the Bulgarian parliament has finally adopted the state budget for 2017. It is envisaged that next year will end with a deficit of 680 million euros or 1.4% of GDP. Economic growth is planned to reach 2.5% and a significant increase in both revenues and expenditures is expected to be marked. Public debt in 2017 will decline as the government will be able to hold just 205 million euros of new debts. The minimum wage is raised from 215 euros to 235 euros. Showing disagreement with the budget, the leftist forces in parliament and some smaller parties left parliament.

BNR

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