“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.
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
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