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 May 15, I was summoned for questioning in a second case. We published the book "Macedonian Blood Wedding" by Voydan Chernodrinski. It has not been formulated yet, but the accusation is for spreading racism. This was what..
I am sure that the convergence reports on Bulgaria by the European Commission and the European Central Bank will be welcomed by all eurozone member states. This was what an EU source told BNR correspondent in Brussels, Angelina..
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 41 are Romanians and citizens of Slovenia, the USA, Belgium, Albania and Kosovo. They were met by..
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..
sunshine, cloud, rain and thunder
Clear
Partly Cloudy
Partly cloudy, chance of rain