The lack of a regular parliament puts the state at risk of starting the new year without a budget, Petar Ganev, a senior researcher at the Institute for Market Economics, has told the BNR.
According to law, the budget for 2022 must be submitted for discussion and adoption in parliament by October 31st. If a government is formed in December and there is no budget approved by parliament, there is a risk of starting the new year without a law on public spending. In such a case the government would be able to spend only 1/12 of the previous budget per month and this would be extremely insufficient. In the absence of a strong center of power, "everyone near the government may try to seize the initiative and propose new expenditures," the expert says.
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
Partly Cloudy
Mostly Cloudy
Cloudy