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.
The delegates of the fourth Patriarchal Electoral Church Council are already voting for new Bulgarian Patriarch. He will be elected with a two-thirds majority of their votes from among three candidates: Metropolitan Gregory of Vratsa, Metropolitan..
On today's day the Bulgaria Orthodox Church pays tribute to the historical personalities who have lived in Bulgarian lands since the 1st century and canonized as saints . All of them were people of faith and spirit and by their deeds strengthened the..
Tomorrow the weather in Bulgaria will be sunny, hot in the afternoon. Maximum temperatures will be mostly between 32°C and 37°C, in Sofia - around 32°C. Over the mountains it will be sunny. In the afternoon there will be light clouds. A..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The hacker "Emil Kyulev", who broke the database of state institutions, banks and legal entities, was caught The Sofia City Prosecutor's Office..
Tomorrow the weather in Bulgaria will be sunny, hot in the afternoon. Maximum temperatures will be mostly between 32°C and 37°C, in Sofia - around 32°C...
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