Bulgaria's Deputy Prime Minister and Finance Minister Lyudmila Petkova stated that the Ministry of Finance has developed various revenue and expenditure measures to keep next year’s budget deficit within 3% of GDP on an accrual basis. Following a meeting of the National Council for Tripartite Cooperation, Petkova confirmed that there are no planned tax increases for 2025.
In response to a question from BNR regarding the draft budget, Petkova noted that extending the zero VAT rate on bread and flour and the 9% VAT for the restaurant sector could cost the treasury around 400 million leva....