“The budget does not focus sufficiently on the effectivity of spendings, or on attaining certain goals in politics,” Latchezar Bogdanov from the Institute for Market Economics commented for the BNR.
The biggest budgeting problem is what the policies are behind the expenditures made, he said. But in this instance, instead of looking for a targeted effect and addressing the problems, the easy road is being taken – child benefits for all children, an additional 50 Leva for all pensioners, the economist said.
“That is income policy at the cost of a large budget deficit,” he said. Latchezar Bogdanov added that there was no vision of investment or job creation stimuli.
The perception of the level of corruption in Bulgaria remains very high, Geoff Gottlieb, Senior IMF Regional Representative for Central, Eastern and Southeastern Europe said. From an institutional point of view, the reduction in the level of..
Bulgarians own real estate in 64 countries around the world. This is shown by data of the National Revenue Agency, provided to the "24 Chasa" daily. By April 30, 2024, 3,604 Bulgarian citizens have declared they own real estate..
Bulgaria and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..
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