MPs adopt draft national budget for 2020 in first reading

19.11.2019

The House of Representatives adopted the draft national budget for 2020 in the first reading. The budget was formed on the basis of the basic scenario of economic development. GDP is expected to grow by 2%, inflation is not to exceed 5%, and the refinancing rate is expected to stay at 9.5%. The MPs also approved in two readings the budget of the state non-budgetary fund of social protection of the population for 2020. More than 78% of expenses will be directed to pension payment. Labor pensions are to be recalculated every three months and increased at least once a year.

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