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 hacker "Emil Kyulev", who broke the database of state institutions, banks and legal entities, was caught The Sofia City Prosecutor's Office detained for up to 72 hours and brought as a defendant the hacker presenting himself online under the..
Danube Day was proclaimed 20 years ago today and has been celebrated with various initiatives ever since. This year's motto "Keep the Danube Blue" calls on people living in the Danube basin to raise their awareness and be active in protecting the river..
On June 29, on the occasion of the National Road Safety Day, the State Agency for Road Safety is organising a festival from 11 am to 2 pm at the Knyaz Alexander I Battenberg Square in the capital in front of the Art Gallery. Its aim is to draw..
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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