Starting next year, the minimum wage is expected to reach BGN 940 per month.

This was stated by the Minister of Finance Rositsa Velkova before the BNR

Rositsa Velkova was born on March 16, 1972 in Sofia.

He obtained a master's degree in finance.

This is included in the three-year medium-term forecast, which will be presented in Brussels and on which the draft budget for the current year, which will be proposed to the next parliament, is based.

In 2025, the indicator will increase to BGN 1,038, and a year later - to BGN 1,128.

For the first time, revenues are not planned conservatively, Velkova explained, but to ensure the finance ministry will offer two buffers in Budget 2023.

The Ministry of Finance publishes changes in tax laws

"One buffer is that capital expenditures cannot be redirected to other types of expenditures, and the other is a 10% limitation of expenditures that can be spent in the 4th quarter, provided that the balance is not disturbed," Velkova explained.

Rositsa Velkova

minimum wage