Bulgaria's government unveils additional BGN 1.9bn anti-crisis package
28.07.2020
Source: SeeNews; Capital.bg; FFBH
Bulgaria's government will allocate further BGN 1.9bn to measures aimed to cushion the impact of the coronavirus pandemic, prime minister Boyko Borissov said on Monday. Some BGN 1.2bn of the total will be used to finance social measures, while BGN 731m were announced as economic measures by PM Borissov. No detailed breakdown was given for the entire amount; however, some of the measures were announced.
The social measures include one-off payments to personnel engaged in limiting the spread of the coronavirus, a rise in subsidies for hospitals and payments towards health insurance. The government will also allocate a total of BGN 318m as pension supplements for three consecutive months and BGN 122m for personal assistants for disabled people.
As part of the economic measures the regional development ministry will receive BGN 355m for road infrastructure projects, BGN 9.5m will be allocated to the economy minstry for promotion of foreign investments in the country, BGN 35m for subsidised charter flights, while VAT on wine and beer sold in restaurants will be reduced to 9% from 20% currently.
Borissov said that the measures will be financed by the fiscal reserve.