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 European Parliament's annual report on the progress of the Republic of North Macedonia on its path to the EU was adopted today in Strasbourg. This is the first report on the progress of the Republic of North Macedonia on its..
Bulgarian Sunday School "ABV" in Finland has announced the creation of a new online Bulgarian language course for foreigners. The publication on the official website of the educational center reads that the 45-minute classes in the..
The Sofia City Prosecutor's Office is conducting pre-trial proceedings regarding the contract between Bulgargaz and the Turkish state-owned gas company Botas, the prosecutor's office's press center announced. Actions are being taken..
The ministers of agriculture of Bulgaria, Hungary, Poland, Slovakia and Romania have signed a joint declaration concerning the agricultural aspects of..
Bulgaria reacted swiftly to a forest fire near the town of Kriva Palanka, North Macedonia, which is located near the Bulgarian -North Macedonian border...
Sofia will now have night public transport connecting the centre with Vasil Levski Airport , according to the press centre of the Sofia Municipality...
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