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Home | Topical Information | Silvia Georgieva, executive director of NAMRB: The lack of a 2024 budget can stop the huge growth of local investments next year

Silvia Georgieva, executive director of NAMRB: The lack of a 2024 budget can stop the huge growth of local investments next year

15.12.2023
Silvia Georgieva, executive director of NAMRB: The lack of a 2024 budget can stop the huge growth of local investments next year

It is expected that in 2024 there will be a huge increase in investments at the local level, but if a state budget is not adopted within this calendar year, investments will be stopped. No changes are expected in local taxes and fees, as they must be adopted by the end of the current year for the next, and there is certainly a very serious need to update the tax assessments of the municipalities, commented Silvia Georgieva, executive director of the National Association of Municipalities in Bulgaria, in the program "Business Start" on Bloomberg TV.

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