According to preliminary Ministry of Finance data, the budget deficitat the end of December amounted to 1.8 billion euro, or 3% of the GDP which is a better result than the 4.4% set down in the updated version of the budget for 2020.
In 2020 the direct fiscal stimuli from the national budget, including the social and economic measures aimed at tackling the impact of the pandemic, as well as the funding for front line units, amounted to around 1.4 billion euro. These sums include around 400 million euro redirected from European funds. The fiscal reserve is in excess of 6 billion euro. These results show that a good fiscal policy has been maintained, the Ministry of Finance points out.
Reporting by Marta Mladenova, Horizont channel
Cash in Bulgaria exceeds BGN 30 billion. The Association of Banks in Bulgaria is urging citizens to deposit their cash before the introduction of the euro, explained James Jolovski, Secretary General of ABB, in an interview with the Bulgarian..
Vice President Iliana Iotova will open the 17th Spring Book Fair and Sofia International Literary Festival for Children and Youth, the presidential institution announced. The Spring Book Fair in Sofia this year will be held from..
On Monday it will remain cloudy, in many places with rainfall. The lowest temperatures will be between 8 and 14°C. In Sofia - around 8°C. In the afternoon the precipitation will gradually start to stop from west to east and over..
During his participation in the 20th World Meeting of Bulgarian Media in Varshets, President Rumen Radev expressed concern that prices will rise as soon..
Students of medicine, young doctors and medical specialists from six towns – Sofia, Plovdiv, Pleven, Burgas, Varna and Stara Zagora – are staging..
“We often say that Bulgaria extends as far as there are Bulgarians. In order for these spiritual borders of Bulgaria to be vibrant and strong, there..
Mostly Cloudy
Partly cloudy, chance of rain
Overcast, rain