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.
The Confederation of Labor "Podkrepa" does not support the government's proposed state budget for 2026 , the union announced. As reasons, the second most important trade union in the country points out "the lack of policies and reforms to address..
The phantom ship VIVA 962 has changed at least 10 names and many owners before it surprisingly appeared near Cape Emine on November 1. The crew consists of a captain and a mechanic with Ukrainian passports from Kharkov, reports the "24 Chasa" portal...
More bridges over the Danube are not just a bilateral issue between Bulgaria and Romania – they are a strategic priority for the prosperity of the entire EU and for our collective security within NATO. This was emphasized by Deputy Prime Minister..
A 6-month reconstruction of the runway and renovation of the aprons start at Burgas Airport. November 10 marks 19 years since the start..
Seven-year-old Magdalena Stoyanova from art school "Kolorit" in Pleven received a gold medal and a distinction from the international..
November 10 marks 36 years since the symbolic beginning of the transition from a one-party system to democracy in Bulgaria. The day..
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