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Fact check: In Bulgaria the government decided that they will be increasing the maximum monthly insurable income in 2025

Checked on December 17, 2024

1. Summary of the results

1. Summary of the results:

The Bulgarian government has indeed proposed increasing the maximum monthly insurable income from 3,750 leva to 4,130 leva in 2025, representing a 10.1% increase. This change is part of a broader package of social policy adjustments, including minimum wage increases and pension reforms.

2. Missing context/alternative viewpoints:

The original statement omits several crucial pieces of context:

  • This is part of a larger 16.2 billion leva Public Social Insurance budget, representing a 26% increase from 2024
  • 41% of Bulgarian Industrial Association members expect economic decline in 2025, raising questions about the timing of such increases
  • The change affects multiple connected policies: minimum wage will rise to 1,077 leva and pensions are expected to increase by 8-9%
  • The health insurance contribution rate remains unchanged at 8%

3. Potential misinformation/bias in the original statement:

The statement presents the change as a definitive decision, when it's actually part of a draft budget proposal that still needs final approval. It also fails to mention that this follows a previous increase that already occurred in 2024 (from 3,400 to 3,750 leva), which could make readers think this is the first such adjustment. The statement's simplicity masks the complexity of who benefits: while workers might get better social security benefits, businesses will face higher contribution costs during what many expect to be a challenging economic period.

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