The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act.
In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the treasury and structural reforms. The consultative body recommends a deficit of up to 3% of the GDP, and states that it should not be forgotten that next year the country will be evaluated by the European Commission. If the deficit remains as set down in the draft budget, Bulgaria will enter an excessive deficit procedure. The high deficit will lead to an increase in the public debt, and even though the country will remain with a comparatively low debt-to-GDP ratio, the interest on servicing the debt will be a burden.
Before midnight, the clouds will decrease and the wind will die down for the night. Tomorrow, 29 June, will be sunny. In the afternoon, there will be some cumulus clouds over the eastern half of the country and in the highlands, but there will be almost..
Bulgaria has a crucial role to play in the connectivity of several regions. It lies at a crossroads between the Balkan Peninsula, the Eastern Mediterranean and the Black Sea. This was stated by Deputy Transport Minister Anna Natova at a meeting..
The Bulgarian population in Albania is 7,057 people - 3,691 men and 3,366 women. This is clear from the announcement of the National Statistical Institute INSTAT, quoted by BGNES. This puts the Bulgarian community in third place in terms of..
Ivan Ivanov, chairman of the Energy and Water Regulatory Commission, announced that a decision would be taken today on how to compensate green energy..
During the next 24 hours, cumulus clouds will develop again over the western half of the country. At night, there will be short-term..
At the European Council, Bulgaria will insist on including a text on the Republic of North Macedonia in the adoption of the conclusions of the meeting ,..
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