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 leader of "DPS-New Beginning" Delyan Peevski has called on the caretaker government and all responsible institutions, including the parliament, to give MEP Elena Yoncheva a mandate to negotiate for the release of the captured..
God has gifted people with an incredible quality - to dream. And we dreamt of hearing Bulgarian in the Getty Museum during the opening of an incredible exhibition. An exhibition dedicated to an ancient people, an exhibition that..
An engineering contract for the construction of new nuclear facilities at Site No. 2 of the Kozloduy NPP will be signed today with Hyundai and Westinghouse. According to caretaker Minister of Energy Vladimir Malinov, the..
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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