After a meeting with the president, We Continue the Change party stated the caretaker cabinet must submit a draft budget for 2023 to the National Assembly.
The deadline for submitting a budget for next year is today, 31 October. At an extraordinary meeting of the National Council for Tripartite Cooperation, Finance Minister in the caretaker government Rositza Velkova stated that the budget is the country’s financial plan and the government programme of the majority which has not yet been formed. In her words, there has never been a caretaker government under which a state budget has been adopted. At the Council meeting, the cabinet proposed, to the social partners and the employers, a bill on extending the implementation of the old, 2022 budget until a new, regular government is formed.
Bulgaria and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..
In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. In construction, industry and services, no price..
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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