Bulgaria's govt unveils 971 mln euro anti-crisis package

Bulgaria's govt unveils 971 mln euro anti-crisis package

Bulgaria's government will allocate a further 1.9 billion levs ($1.1 billion/971 million euro) to measures aimed to cushion the impact of the coronavirus pandemic, prime minister Boyko Borissov said on Monday. Some 1.2 billion levs of the total will be used to finance social measures, while 731 million levs will go to back the economy, Borissov said in a video file published on his Facebook profile.  The social measures will cover 30% higher costs for personnel engaged in limiting the spread of the coronavirus, a rise in subsidies for hospitals and payments towards health insurance. The government will also allocate a total of 318 million levs to pension supplements of 50 levs for three consecutive months.  The regional development ministry will receive 355 million levs for road infrastructure projects, while 9.5 million levs will be allocated to the economy ministry for promotion of foreign investments in the country.  The government is not planning to apply for a loan to finance the consequences of the crisis, Borissov said, adding that the measures will be financed by the fiscal reserve.  Bulgaria's government said earlier this month that it has decided to extend the state of epidemic emergency introduced over the coronavirus pandemic by two weeks until the end of July. By Monday, the number of confirmed cases in the country totalled 10,427, including 5,355 recoveries and 340 deaths associated with the disease.

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