The revenues of the National Public Budget in 2027 will increase by 17.2% compared to 2025. In the case of the expenditure, the increase will be 15.2%. Under these conditions, the NPB deficit is to decrease from 3.8% of GDP in 2025 to 3.1% in 2027. The Cabinet on Wednesday approved the Medium-Term Budget Framework for 2025-2027. The document sets the objectives of the budgetary-fiscal policy and determines the framework of resources and costs of the NPB for the next three years, IPN reports.
In 2024, a 2.5% real Gross Domestic Product growth is forecast. In the following years (2025-2027), the growth is projected at 3% to 3.7%.
The document is updated annually by the Ministry of Finance. This is the initial stage in the process of working out the medium-term fiscal policy and the draft annual budget and will guide the public authorities in the formulation of budget proposals for 2025.