The budget deficit will probably reach 6%: GERB

The budget deficit will probably reach 6%: GERB

Calculated on the basis of the 2022 budget submitted, the deficit for this year is envisaged at 4.1%, commented Kiril Ananiev from GERB party at a briefing, as quoted by BTA. However, Kiril Ananiev says, that is not the real figure because at the end of last year the cash outflow registered was more than 2 billion LEVA (EUR 1 billion) and the figure will more likely be around 6%.

According to Ananiev, this is the first Bulgarian government which does not have a programme of its own. “I have 30 years of work at the Finance Ministry and I cannot remember a budget ever having been done this way, with the exception of 1997 when the budget was done every month,” Kiril Ananiev said and added: “I wouldn’t want us to revert to that old practice.”

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.