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.
On Friday, the minimum temperatures in Bulgaria will be from 6 to 14°C, in Sofia - 7°C. During the day it will be sunny. A light to moderate wind will blow from the north-northwest. Daytime highs will be from 23 to 28°C, in the capital Sofia -..
The government of Prime Minister Rosen Zhelyazkov survived a fifth vote of no confidence, this time on the topic of "Internal Security and Justice." 133 MPs from GERB-SDS, DPS–New Beginning, BSP and There is Such a People (ITN) voted against. 101 Mps..
The National Guard Service (NSO) will no longer provide transportation for the presidential administration. This is provided for by the amendments to the Law on the National Security Service adopted at first reading with the votes of GERB-SDF, “DPS-New..
Regarding a video published on YouTube, the management of VMZ-Sopot - the largest state-owned military enterprise in Bulgaria, say that..
The vote on the fifth motion of no confidence against Prime Minister Rosen Zhelyazkov's government will take place on Thursday, September 18, at 4:45..
On Thursday, the lowest temperatures will be between 8 and 13°C; in Sofia – about 8°C. During the day, there will be variable..
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