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.
At a meeting with European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, President Rumen Radev pointed out that innovations, research and technologies are the basis of the policy for the development of a..
Former leader of the left Sergei Stanishev is participating in the race for chairman of the BSP. At a press conference at BTA, Stanishev indicated that he is "entering the race" with the other candidates in order to return "meaning..
61% of Bulgarians come across fake news every day, a survey by the Myara agency conducted by January 17 shows. 17.5% encounter fake news at least once or several times a month. Just 5.5% say they have not encountered fake news. 42.6%..
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