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.
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 were counted, former acting minister of interior Ivan Demerdzhiev told the BNR. According to him,..
A total of 249 projects for electricity generation from renewable sources and electricity storage, worth about 268.9 million euros will be financed under the National Recovery and Resilience Plan, the Ministry of Energy reported. 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 half of October, the regional departments of the Ministry of Environment and Water launched a..
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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