Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian Economy Minister: The state will stop payments if there is no new budget by June 10

Caretaker economy minister Nikola Stoyanov
Photo: BGNES

After June 10, when the extended law on the state budget expires, the state will not be able to make payments, said caretaker Minister of Economy Nikola Stoyanov in an interview for the Bulgarian National Television. 

"When there is no adopted budget or the law on the extension of the budget has expired, the country must return to a zero balance - it can spend only if the budget is a budget surplus and when it is in deficit, it has no right to spend anything. This would lead to the impossibility of paying salaries", he explained. 

According to him, the pensions for June will be paid by June 10, but in theory the state should stop all payments. 

"I am firmly convinced that the members of parliament are aware of this responsibility and will adopt either a new budget or at least an extension of the current one," added the minister. However, he is skeptical that a new state budget will be voted on by that date.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The Bulgarian Antarctic base "St. Kliment Ohridski" reopens for the new polar research season

The Bulgarian Antarctic base "St. Kliment Ohridski" officially opened its doors on the eve of its patron saint's day . The members of the Bulgarian Antarctic expedition, led by Professor Hristo Pimpirev, set foot on the snowy shores of Livingston..

published on 11/25/24 10:14 AM
Rumen Radev (L) and Luong Cuong (R)

President Rumen Radev: Vietnam is an important partner for Bulgaria

After the meeting with his Vietnamese counterpart Luong Cuong in Hanoi, President Rumen Radev emphasized that Bulgaria will continue to support efforts to deepen cooperation between the European Union and Vietnam, reported BNR's special envoy to..

published on 11/25/24 9:51 AM
Rumen Radev and Desislava Radeva in Vietnam

Bulgaria's President will meet with the state and political leadership of Vietnam

Bulgaria's   President Rumen Radev, who together with his wife Desislava Radeva is on an official visit to Vietnam, will be welcomed with a ceremony at the presidential palace in Hanoi. There, Radev will hold talks with Vietnamese Head of State Luong..

published on 11/25/24 6:05 AM