Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Institute of Market Economics: Тhere will be no apocalypse if 2025 budget is not adopted

Photo: ime.bg

The state will continue to function normally even without the parliament voting on the state budget, according to an analysis by the Institute for Market Economics (IME) called "Without a Budget for 2025 and Without an Extension Law: What Next?". 

The IME believes that, contrary to the apocalyptic pictures that are drawn in this scenario, the structural laws of the three major budgets in the state provide for such an option. 

The amount of the main payments is preserved and, according to the rules for fiscal stability, the payments will be up to the amount of revenues, which will nominally increase. 

"If the legal framework allows an immediate budget crisis to be avoided, then entering the new year without an adopted budget creates risks for the predictability of the business environment, for the economy as a whole and for the normal functioning of institutions and local authorities," the IME specifies.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Weather forecast: Yellow weather alert for rain and snow in 21 regions of the country

On Saturday, a cold front will sweep across the country. During the night there will be rain in Western and Central Bulgaria, and snow in the mountains and on higher ground. A snow cover will form. Minimum temperatures 1-6° C., for Sofia around 1°..

published on 12/20/24 6:35 PM

Traffic on the Danube Bridge near Ruse has been temporarily restored

Traffic on the Danube Bridge near Bulgaria's Ruse on the border with Romania has been temporarily restored in both directions as of today . Due to the expected increased traffic through the border crossing during the upcoming Christmas and New Year..

published on 12/20/24 6:18 PM

Avalanche in Pirin Mountain close to Bansko, one person dies

An avalanche has fallen in Pirin Mountain close to Bansko ski resort and has buried people . The Mountain Rescue Service has reported that one of the buried people - a 25-year-old snowboarder - has died. Two others - a snowboarder and a skier - were..

published on 12/20/24 6:12 PM