Caretaker cabinet proposes budget update

Caretaker cabinet proposes budget update

The proposal of the caretaker government for an update of the budget is to be presented today at the third public council with the minister of finance, BNR’s Marta Mladenova reports.

According to caretaker Minister of Finance Assen Vassilev revenue collection is expected to improve by 1.5 billion Leva (750 million euro), to be used for updating pensions and assisting businesses if new Covid-19 restrictions are imposed.

The budget deficit set down in the current financial framework - 3.9% of the GDP will not change, Minister Vassilev said not long ago.

 

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