Bulgaria is not in danger of bankruptcy. It is not in danger of the International Monetary Fund's intervention either. There is no need to take out new loans, caretaker Minister of Finance Rositsa Velkova said for the BNT with regard to media publications about two scenarios for a long-term budget forecast.
Minister Velkova assured that with a deficit of 3%, as set in the cabinet's draft law on the 2023 state budget, the country's finances are stable and there is no risk for the currency board. In Minister Velkova’s words, the budget deficit could rise to 7% of the GDP in the next four years if the revenue and expenditure policies of the last two years continue. In order to secure the payments for the current year, the draft provides for the introduction of the so-called excess profit tax- a one-off solidariy contribution for the second half of 2023, Rositsa Velkova said.
Vice President Iliana Iotova also confirmed that Bulgaria is not facing bankruptcy. In her words, yesterday's warnings of the finance minister are a signal to the political class at a time when the caretaker government is preparing a draft of a new state budget for this year. She rejected claims that the caretaker cabinet wanted to steal people's money. "I have confidence in the caretaker cabinet. As long as they work, and Rositsa Velkova is the Minister of Finance, there will be no bankruptcy of the state, nor will there be a need for new debts," the Vice President concluded.
Personnel and military equipment will be transported through the territory of Bulgaria between January 24 and February 9. The Ministry of Defense announced that the military will participate in NATO’s largest exercise for 2025, Steadfast Dart 25...
Plovdiv is sixth in the ranking of the world’s most congested cities, while Sofia is in 52nd place. The study was conducted by the TomTom agency, whose representatives have traveled 700 million kilometers across 62 countries on six continents. Mexico..
The oil spill in the Black Sea will not reach the Bulgarian Black Sea coast, BTA reported. According to an analysis of recent satellite images from the Naval Academy, the pollution will not be directed towards the Bulgarian Black Sea coast...
Personnel and military equipment will be transported through the territory of Bulgaria between January 24 and February 9. The Ministry of Defense..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said..
In a statement on behalf of "We Continue the Change – Democratic Bulgaria", MP Martin Dimitrov stated that the ''first action of the new government is..
Mostly Cloudy
Partly Cloudy
Cloudy