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.
On Saturday minimum temperatures will range from 5° C. to 10° C., in parts of the lowlands and valleys 1-4° C., for Sofia around 4° C. The day will be sunny but also windy. Maximum temperatures 20-25° C., for Sofia around 20° C. In the evening the..
On 7 November, Bulgarian public service TV BNT is marking 65 years since it was founded, BNT has announced. “BNT is a symbol of trust, of high-value and sustainable tendencies. It is our public mission to preserve the Bulgarian identity with a..
The numerous reports of vote manipulation, of rigging ballots, of adding votes, of vote-buying, of coercion and controlled voting which have been sweeping over the public domain following the election for parliament, call for an immediate answer by..
Today, 3 November, is International Day for Biosphere Reserves, declared by UNESCO’s Man and the Biosphere programme. On this occasion, as of the second..
Today, Vice President Iliana Iotova is opening the exhibition “Ancient Thrace and the Classical World: Treasures from Bulgaria, Romania, and Greece” at..
In the elections on October 27 this year there were problems in both phases of the process - when the votes were submitted and when they..
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