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.
Two men with criminal records and previous sentences from Razgrad and Rouse have been detained with illegal firearms and drugs after a large-scale police operation, public service TV BNT reports. Property connected with them in Varna, Rouse and..
Ambulances and emergency rooms in this country do not have express diagnostics devices as yet, Desislava Katelieva, chair of the National Association of Emergency Medical Care Professionals said for the BNR, and added that if there were options for..
There is nothing in the country’s position, approved by the Council of Ministers for the NATO summit in Washington that infringes on our national interest or jeopardizes national security, said Deputy Defence Minister Radostin Iliev in a comment on..
Ivan Ivanov, chairman of the Energy and Water Regulatory Commission, announced that a decision would be taken today on how to compensate green energy..
During the next 24 hours, cumulus clouds will develop again over the western half of the country. At night, there will be short-term..
At the European Council, Bulgaria will insist on including a text on the Republic of North Macedonia in the adoption of the conclusions of the meeting ,..
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