Parliament has adopted the 2013 Budget’s actualization

The Parliament has adopted at second reading amendments to the 2013 Budget Act of the Republic of Bulgaria.

The new budget allocates for payments to the business BGN 160, 4 million. Additional money for social assistance to the most needy social groups amount to BGN 40 million.

The budget envisages BGN 85 million for electricity bills assistance to poor households due to the increase of electricity prices related to the development of renewable energy sources. The money in the updated budget is to come from revenues of greenhouse gas emissions sales. The assistance is to be provided in close pursuance of the legislation regulating the provision of state assistance. The amended 2013 Budget includes another BGN 40 million for food stamps.

According to the amendment to the State Budget Act, the Council of Ministries can now assume foreign State debt including through the issuing of government securities in international markets, totaling BGN 1 B or its equivalent in another currency, under the terms of follow-up ratification.

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BUSINESS CLIMATE

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A better business climate is registered in industry - by 3.2 percentage points, and retail trade - by 5.2 percentage points More

BULGARIAN ECONOMY

Parliament has adopted the 2013 Budget’s actualization

The new budget allocates for payments to the business BGN 160 million More

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INVESTMENT NEWS

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