“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.
In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..
The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
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