“The budget does not focus sufficiently on the effectivity of spendings, or on attaining certain goals in politics,” Latchezar Bogdanov from the Institute for Market Economics commented for the BNR.
The biggest budgeting problem is what the policies are behind the expenditures made, he said. But in this instance, instead of looking for a targeted effect and addressing the problems, the easy road is being taken – child benefits for all children, an additional 50 Leva for all pensioners, the economist said.
“That is income policy at the cost of a large budget deficit,” he said. Latchezar Bogdanov added that there was no vision of investment or job creation stimuli.
This year will be the last in which Bulgarians receive their income in leva. In what currency will people declare their money to the tax authorities next year? This is one of the 221 questions about the euro that the Bulgarian National Bank (BNB)..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive than in its main economic competitors - the US and China, the European Commission is preparing new..
Exactly a week remains until the final decision on Bulgaria's entry into the eurozone – on July 8, the European Parliament is to vote on whether Bulgaria will become the 21st member of the eurozone and adopt the single European currency from January 1,..
Partly Cloudy
Clear
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder