The Ministry of Finance reported that the municipal investment programme remains a key priority for the caretaker government, confirming that necessary payments for the initiative are secured. For the year 2026, and until a regular budget is adopted, the total maximum expenditure allocated to the programme amounts to EUR 460.2 million, which will be disbursed through the Bulgarian Development Bank (BDB). These resources were provided to the BDB in January, thereby guaranteeing all scheduled payments.
A significant component of these funds, totaling EUR 246.6 million, is dedicated to a subsidy scheme for home retrofitting. These funds originate from the EU-funded Recovery and Resilience Plan, supplemented by national co-financing. The Ministry noted that the BDB will manage these payments, as the funds are 100% grant-based, requiring no internal financing from the bank.
Separately, the caretaker government, led by Prime Minister Andrey Gurovadov, approved the return of EUR 1.4 billion in unused capital from the BDB to the state budget. Caretaker Finance Minister Georgi Klisurski indicated that the future regular government will determine the allocation of this returned money, which had previously been held by the BDB. However, the BDB issued a statement asserting that this proposed capital reduction could potentially restrict the bank’s capacity to make scheduled payments under the municipal investment programme.
Topics: #payments #under #programme
It’s good to hear that the payments for the municipal investment program are secured.
What happens to the municipal investment program once a regular budget is adopted?