Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Drop in budget revenue due to lower fuel prices

Photo: BGNES

"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel. Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert Martin Vladimirov from the Center for the Study of Democracy told the BNR. 

The negative effects on the Bulgarian economy come because of the much lower budget revenues from VAT and excise duties, the expert said. In Bulgaria, fuels annually account for about 30% of VAT revenues. The decline in May and June is estimated at between 30 and 35%, which is a serious shock to the budget, Vladimirov commented.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Emergency repairs of the fence along the border with Turkey

By a decision from 6 June, the Council of Ministers has decreed emergency repairs of the fence along Bulgaria’s border with Turkey, BNR-Burgas reports. The urgent repair and renovation work on the border barrier is to be completed by 31 December,..

published on 6/7/24 5:25 PM

Election campaign for 9 June 2-in-1 elections ends

Today is the last day of campaigning for the 2-in-1 elections in Bulgaria - for national and European Parliament, which will take place on 9 June. Campaigns of political formations and campaigning for the candidates for MPs and MEPs end in 24 hours..

published on 6/7/24 3:59 PM
Education Minister Galin Tsokov

Bulgaria to promote itself as a destination for higher education, Education Minister says

Bulgaria is among the European countries with a high share of foreign students. Currently, foreign students make up about 8% of the student population in Bulgaria, placing the country among the leaders in the region. These figures were presented by..

published on 6/7/24 2:34 PM