The budget deficit to be set down in budget 2023 will be 3% on an accrual basis. In the words of Finance Minister Assen Vassilev, that means a deficit of 4.5 billion Leva (euro 2.31 bn.). Minister Vassilev presented the main parameters of the draft budget for the year, to be submitted to the National Assembly at the beginning of July.
Before that, during the forum of the National Association of Pamporovo Municipalities, PM Nikolay Denkov announced that there will be a tangible increase in the funding for municipalities – by almost 25% - in the regular budget for this year. Because of the flooding and the damages inflicted, the disaster fund has been increased, from the EUR 40 million set down in the draft budget of the caretaker cabinet, to EUR 65 million. Around EUR 30 million of this money has so far been spent, which means that with the new sum set down, there will be around EUR 35 million available, plus possible buffers, if the need arises.
To come into effect as of 1 August, the budget needs to be adopted by the end of July.
During the night, the sky will be clear over most of the country. In the Danube plain, there will be weak wind from the northwest. Saturday will be mostly sunny. In the afternoon, cumulus clouds will develop over the eastern..
114 MPs from GERB-CDF, We Continue the Change - Democratic Bulgaria, DPS and 10 independents supported the government's bill on the introduction of the euro in Bulgaria in the first reading . The bill stipulates that both currencies - the lev and the..
The Constitutional Court declared unconstitutional and invalid most of the changes to the Constitution voted by the 49th National Assembly at the end of 2023. The case was initiated at the request of President Rumen Radev and 48 MPs...
A fire broke out in a fireworks warehouse complex between the town of Elin Pelin and the village of Gara Elin Pelin near Sofia, the BTA news agency..
The man injured in the explosions at a fireworks warehouse near the village of Elin Pelin has died. The doctors did everything they could, condolences to..
Bulgaria's Minister of Culture Nayden Todorov has signed two important international documents, thanks to which Bulgaria will cooperate with Australia, as..
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