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.
"We Continue the Change - Democratic Bulgaria" are reviewing the video recordings from the election sections in order to collect evidence of vote rigging, PP co-chairman Asen Vassilev told BNR. At the moment when sufficient facts are..
"When I look at the CCTV footage, I have the feeling that some of the sectional election commissions did not work according to the rules." That is how chair of the CEC, Kamelia Neikova, commented information about manipulations related..
By order of caretaker Prime Minister Dimitar Glavchev, the institutions are ready to provide assistance to Spain after the floods in Valencia, the Council of Ministers reported. If the authorities in Madrid request support,..
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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