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.
There are four times as many people dying of brain stroke in Bulgaria compared to other EU countries , according to a 2021 report by the European Commission. In 2023, 45,000 brain stroke patients were registered in Bulgaria, of which more than..
Bulgaria is hosting the international forum on the Cyrillic alphabet "Alphabet. Language. Identity" where more than 30 scholars from 12 countries are taking part. At the opening of the event in the National Palace of Culture in Sofia, President..
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 , the government press service said. Caretaker Prime Minister Dimitar Glavchev is representing..
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 ,..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain