TOOL · GROSS COST

How much would a basic income cost in Bulgaria?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Country

Adult population 5,509,377child population 937,219year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

57,389 million

in BGNBGN 57,388,670,400

Equal to 31.0% of reference GDP

Population covered: 6,446,596 people

Adults: 5,509,377 × BGN 800 × 12 = BGN 52,890,019,200

Children: 937,219 × BGN 400 × 12 = BGN 4,498,651,200

BGN 52,890,019,200 + BGN 4,498,651,200 = BGN 57,388,670,400

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $102,204,457,335 · World Bank WDI

Currency BGN · exchange rate 1.8090 BGN/USD (2023)

Converted cost $31,724,559,362 for the GDP share.