The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act.
In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the treasury and structural reforms. The consultative body recommends a deficit of up to 3% of the GDP, and states that it should not be forgotten that next year the country will be evaluated by the European Commission. If the deficit remains as set down in the draft budget, Bulgaria will enter an excessive deficit procedure. The high deficit will lead to an increase in the public debt, and even though the country will remain with a comparatively low debt-to-GDP ratio, the interest on servicing the debt will be a burden.
Eurogroup president Paschal Donohoe expects a consensus at today's meeting in Luxembourg on Bulgaria's entry into the Eurozone, BNR correspondent in Brussels Angelina Piskova reported. I believe that Bulgaria's accession to the Eurozone will be..
Bulgarian Shopska Salad has earned a place among the 24 best salads in the world according to a new ranking published by CNN, BGNES reports. The fresh and colorful dish, beloved throughout Southeast Europe, took its rightful place alongside..
In a few weeks, another ship with pipes for the Vertical Gas Corridor will arrive at the port of Burgas, announced Energy Minister Zhecho Stankov at the Burgas 2025 Connectivity Forum . The event brought together diplomats, ministers and leading..
On Wednesday, the lowest temperatures will be between 13 and 18°C; In Sofia – about 15°C. It will be sunny before noon. In the afternoon there will be..
More and more foreign students have been choosing Bulgarian universities and higher education institutions in recent years, the Bulgarian News Agency..
The plane with 148 people evacuated from Israel landed at Vasil Levski Airport in Sofia at 02:30 . 89 of the people are Bulgarians and..
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