Investor Presentaiton

Policies aimed at enhancing economic growth Economic growth acceleration is a key priority in the mid-term policy goals set out in Bulgaria's 2023 Budget Plan Policy Priorities Economic and financial policy Debt financing policy Management of EU funds Tax and Income policy Encouraging investments of local and foreign enterprises performing investment projects which in turn will create new production capacities and provide long-term employment opportunities. Establishing an information system for the Bulgarian Investment Agency and the National Innovation Fund to promote research and development activities and increase the competitiveness of enterprises. Developing indicators to measure the social impact of the work of State-owned companies. Current debt management objectives are set in the Debt Management Strategy 2023-2025. The main goal of the debt management is to provide for the necessary funds for maturing debt refinancing, planned budget deficits coverage and securing liquidity of the fiscal reserve. Partaking in the NEXT GENERATION EU initiative and REACT EU mechanism designed to support EU member states most affected by COVID-19, with investments aimed at restoring labour markets, healthcare systems and liquidity of SME's. Using funds available through the National Recovery and Resilience Plan to finance reforms and investments within the domestic market to mitigate the economic and social impact of the COVID-19 pandemic. New mechanism for calculation of minimum wage. Increasing the remunerations for staff in elected positions, employees in the judiciary system and pedagogical specialists A top-up tax and a domestic minimum top-up tax shell be introduced effective from 2024 when approved by Parliament (Council Directive (EU) 2022/2523). Strengthening the fiscal control on high fiscal risk goods to improve tax compliance. Increasing of the minimum and maximum amount of the pensions from 25 December 2021. Pension policy Sectoral policies Source: Ministry of Finance Indexation of pensions from July 2023 and implementation of a new mechanism to improve pension adequacy from October 2022. Education - continuation of integrated policies with focus on education and personal development of children and students, innovations to encourage, qualification of pedagogical specialists and modernisation of educational institutions. Reconstruction and construction of nurseries, kindergarten and schools, and financing student and doctoral activities. Financing health sectors care for disabled; remuneration of emergency staff, and construction of the National Pediatric Hospital Maintaining and developing national defense and collective defense capabilities. 1 27

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