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..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The hacker "Emil Kyulev", who broke the database of state institutions, banks and legal entities, was caught The Sofia City Prosecutor's Office..
Tomorrow the weather in Bulgaria will be sunny, hot in the afternoon. Maximum temperatures will be mostly between 32°C and 37°C, in Sofia - around 32°C...
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