According to preliminary Ministry of Finance data, the budget deficitat the end of December amounted to 1.8 billion euro, or 3% of the GDP which is a better result than the 4.4% set down in the updated version of the budget for 2020.
In 2020 the direct fiscal stimuli from the national budget, including the social and economic measures aimed at tackling the impact of the pandemic, as well as the funding for front line units, amounted to around 1.4 billion euro. These sums include around 400 million euro redirected from European funds. The fiscal reserve is in excess of 6 billion euro. These results show that a good fiscal policy has been maintained, the Ministry of Finance points out.
Reporting by Marta Mladenova, Horizont channel
On Friday, the lowest temperatures will be between 4°C and 9°C, reaching up to 12°C in the southeast, around 6°C in Sofia . During the next 24 hours, the weather will remain cloudy. It will rain in almost the entire country. During the day, rainfall..
The Varna District Court has released the city’s mayor, Blagomir Kotsev, on a financial bond of €102,258. Before the court’s decision was announced, supporters of the mayor and members of the We Continue the Change party gathered outside the..
Three people, including an Italian citizen, were arrested during last night's protest against the adoption of the 2026 budget in front of the National Assembly, the director of the Sofia Directorate of Internal Affairs, Chief Commissioner Lyubomir..
Cloudy
Mostly Cloudy
Overcast, rain
Rain / Snow
Partly cloudy, chance of rain
Cloudy
Rain