Ten Bulgarian political parties to get state subsidies totalling 33M leva yearly

Ten Bulgarian political parties, including two that did not win seats in Parliament, will get state subsidies totalling more than 33 million leva (about 16.9 million euro), according to preliminary calculations pending the Central Election Commission’s announcement of the final result of the October 5 parliamentary elections.

While a share of the vote of at least four per cent is required to win seats in the National Assembly, getting more than one per cent also gets a party a subsidy.

Estimates are that Boiko Borissov’s centre-right GERB, which won 32.66 per cent of the vote (more than 1.12 million votes), will get a subsidy of just more than 12 million leva. Should the 43rd National Assembly last its four-year term, Borissov’s party will get about 48 million leva in total.

The Bulgarian Socialist Party, which ran a poor second, getting about 15.41 per cent of the vote, will get 5.7 million leva a year.

For the full story, please click here.

(Photo: Clive Leviev-Sawyer)