If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government debt this year to rise by 1.5 billion euros to 5 billion and 150 million euros.
According to Vassilev, the hike will be used to repay next year's debt, with the difference likely to be almost 1 percentage point. This is a significant expense for the budget, which can be avoided if the debt was issued this year, Vassilev said.
Bulgarian President Rumen Radev has long been involved in the political life of the country, and now he wants to take on the role of opposition leader. This was stated by Finance Minister Temenuzhka Petkova in Targovishte. "After nearly four..
In 2024, the poverty line in the country was €375 per month on average per person in a household. A total of 1,401,300 people, or 21.7% of the population, were living below the poverty line , according to the National Statistical Institute (NSI)...
A protest has been organised on social media demanding the resignation of Education Minister Krasimir Valchev and the cancellation of the Ministry of Education and Science's plan to introduce a compulsory subject called "Religion and Virtue" in schools,..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Overcast, rain