Bulgaria is not in danger of bankruptcy. It is not in danger of the International Monetary Fund's intervention either. There is no need to take out new loans, caretaker Minister of Finance Rositsa Velkova said for the BNT with regard to media publications about two scenarios for a long-term budget forecast.
Minister Velkova assured that with a deficit of 3%, as set in the cabinet's draft law on the 2023 state budget, the country's finances are stable and there is no risk for the currency board. In Minister Velkova’s words, the budget deficit could rise to 7% of the GDP in the next four years if the revenue and expenditure policies of the last two years continue. In order to secure the payments for the current year, the draft provides for the introduction of the so-called excess profit tax- a one-off solidariy contribution for the second half of 2023, Rositsa Velkova said.
Vice President Iliana Iotova also confirmed that Bulgaria is not facing bankruptcy. In her words, yesterday's warnings of the finance minister are a signal to the political class at a time when the caretaker government is preparing a draft of a new state budget for this year. She rejected claims that the caretaker cabinet wanted to steal people's money. "I have confidence in the caretaker cabinet. As long as they work, and Rositsa Velkova is the Minister of Finance, there will be no bankruptcy of the state, nor will there be a need for new debts," the Vice President concluded.
Prime Minister Rosen Zhelyazkov presented Pope Leo XIV with a specially crafted omophorion during an audience at the Apostolic Palace in the Vatican. This liturgical vestment symbolizes spiritual and episcopal authority, according to the Council of..
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National Television. He recalled that according to the law, it should reach 65 years by 2037. “This topic..
Sofia residents are protesting against the two largest trade unions today , the Bulgarian National Radio reported. Their demonstration will be held under the motto “No to the priority of low-skilled labor over knowledge”. “The event is a civil..
May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and..
The 20th World Meeting of Bulgarian Media, organised by the Bulgarian Telegraph Agency, has opened in Sofia. The event, which is being held..
Bulgarian Foreign Minister Georg Georgiev opened the first Bulgarian higher education institution outside Bulgaria in Taraclia, Moldova, the Ministry of..
Rain
sunshine, cloud, rain and thunder
Cloudy
Thunderstorms 
Occasional showers