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 Saturday night, the weather situation in the country will deteriorate. There will be snowfall in Southern Bulgaria, the Pre-Balkans and the Ludogorie region. Significant precipitation is expected in Southwestern Bulgaria and the southern slopes of..
Bulgaria needs stable governance and a solution to the problems of the people. This was the consensus among mayors from the Bulgarian Socialist Party during a meeting with the party leadership and the parliamentary group of BSP-United Left. The mayors..
NATO will deploy 10,000 soldiers, 17 ships, 20 aircraft, 1,500 combat vehicles and artillery in Bulgaria, Romania and Greece during Steadfast Dart 2025. This will be the Alliance's largest exercise for 2025 to deploy Allied Reaction Force (ARF)..
Bulgaria has made significant progress in meeting the criteria for inclusion in the U.S. Visa Waiver Program, caretaker Minister of Foreign..
I have not committed any crime, this is a political attack, the co-chairman of "We Continue the Change" (PP), Kiril Petkov, said before..
Caretaker Minister of Defense Atanas Zapryanov took part in the 25th meeting of the Ukraine Defense Contact Group at the level of Ministers of Defence..
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