The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not increase the social security burden and change taxes when preparing the budget for 2025. The budget will meet the legal requirements - spending up to 40% of GDP and a budget deficit not exceeding 3%.
However, he did not specify what spending restrictions would be imposed to maintain the 3% deficit. The exchange rate of the Bulgarian lev to the euro is fixed and will not change, Zhelyazkov assured.
In another development, Prime Minister Rosen Zhelyazkov has dismissed Lyudmila Petkova as deputy finance minister. She headed the Finance Ministry in two caretaker cabinets before her brief stint as deputy minister in Zhelyazkov's cabinet. Petkova was acting finance minister when reports emerged of a 19 billion leva shortfall in the state treasury.
In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to be reformed and supported by the necessary legislation. One such law is the Preschool and School..
Early on Saturday, temperatures will range from 11 to 20°C , with a minimum of 11°C in Sofia. There will be low cloud cover and reduced visibility in the lowlands and river valleys in the morning. The day will be mostly sunny with scattered clouds...
The Sofia City Court rejected Varna Mayor Blagomir Kotsev's request to amend his preventive measure of "detention in custody" and remanded him in custody, BTA reported. The ruling is not final and is subject to appeal. Sofia City Court receives..
In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to..
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