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 Bulgarian National Assembly will hold debates today on the fifth vote of no confidence against the government of Rosen Zhelyazkov. The vote itself is expected to take place on Thursday. PP-DB tables another no-confidence vote against Rosen..
On Wednesday, the minimum temperatures in Bulgaria will be from 11 to 16°C, in Sofia - 14°C . A cold atmospheric front will pass through the country, with cloudiness being more often significant. From the northwest to the southeast, it will rain in..
In addition to using EU funds, accelerating the development of key infrastructure projects can be achieved through concession mechanisms. This is a tool that the European Commission encourages. This was what Deputy Prime Minister and Minister of..
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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