The National Assembly of Bulgaria voted on second reading the macro framework of the state budget for 2025. 138 MPs voted in favour, 78 against and two abstained. The text of the law envisages a deficit of 3% of GDP and does not provide for tax increases, BNR reported.

The deficit amounts to 7 132 647 400 BGN and the contribution to the general EU budget is 2 020 542 300 BGN. The state debt is projected to reach 61.7 billion BGN, or 26.6% of the national product. The amount of debt that can be incurred in 2025 is 18.9 billion BGN. 

MPs also voted to lower the threshold for registration of companies under the Value added tax law from 166,000 BGN to 100,000 BGN. During the midnight session, MPs decided to establish a state-owned grocery chain. | BGNES