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 Saturday , the lowest temperatures will be between 11 to 18°C. In Sofia – about 11°C. Sunny weather will prevail during the day. Before noon, there will be significant cloudiness over the central parts of Northern Bulgaria and..
According to data from the European Environment Agency published by the European Commission and reported by BNR correspondent in Brussels Angelina Piskova, Bulgaria ranks second in the EU for bathing water quality in 2024. The report states that 97.9%..
The ministers of economy and finance of the EU member states unanimously backed the Eurogroup's recommendation that Bulgaria should join the euro area on 1 January 2026, Polish Finance Minister Andrzej Domański announced, as reported by BNR correspondent..
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..
A new medical equipment manufacturing center of the Czech company BTL Industries has opened in Plovdiv. The event was attended by President Rumen Radev,..
According to Eurostat data , in 2024 Bulgaria and Estonia ranked second to last in the EU in terms of actual individual consumption (AIC) per..
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