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Bulgaria's Government decided on allocating extra BGN 116 M to settle debts to Businesses


Bulgaria's government decided the allocation of additional BGN 116 M for the payment of outstanding debts to businesses.

The proposal to allocate additional funding was submitted by Finance Minister Petar Chobanov. It envisages to cover the additional expenditure and transfers under the 2013 budget to the amount of BGN 258.7 M.

The money will be provided from the reserve for unforeseen and urgent expenses in the sphere of structural reforms and additional fiscal measures.

Some BGN 142.6 M of the total will be allocated to social measures and pro-business measures. BGN 40 M of them will go for activities in the sphere of the social policy.