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.
Deputy Prime Ministers and Ministers of Transport Grozdan Karadzhov and Aleksandar Nikoloski signed an agreement in Gyueshevo for the construction of a railway tunnel between Bulgaria and the Republic of North Macedonia. The facility..
The police have neutralized an organized crime group that transported migrants from Burgas through Sofia to the Serbian border, Sofia District Prosecutor Natalia Nikolova said at a briefing. She indicated that 13 addresses were..
Democracy is consistently perceived by a solid majority in Bulgarian society as the best form of governance. Approximately 1.5 million citizens declare their willingness to risk their personal security to protect it, according to a representative study..
The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in..
A 6-month reconstruction of the runway and renovation of the aprons start at Burgas Airport. November 10 marks 19 years since the start..
November 10 marks 36 years since the symbolic beginning of the transition from a one-party system to democracy in Bulgaria. The day..
Rain
Cloudy
Overcast, rain