The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act.
In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the treasury and structural reforms. The consultative body recommends a deficit of up to 3% of the GDP, and states that it should not be forgotten that next year the country will be evaluated by the European Commission. If the deficit remains as set down in the draft budget, Bulgaria will enter an excessive deficit procedure. The high deficit will lead to an increase in the public debt, and even though the country will remain with a comparatively low debt-to-GDP ratio, the interest on servicing the debt will be a burden.
After the early parliamentary elections on October 27, the Central Election Commission published interim data of 99.03% of processed tally sheets. Nine political formations enter the 51st Bulgarian Parliament: GERB-SDS..
With 100% of the processed protocols in the Central Election Commission of the voting abroad, the results show that the Alliance for Rights and Freedoms is first with 22.65%. Second is the PP-DB coalition with 20.80%, followed by Vazrazhdane..
The real estate market in Bulgaria "froze" at last year's levels. According to the data of the National Association "Real Estate", quoted by BTA, an exception are the big cities, where there is an increase in the number of transactions. By the end of..
The turnout reached 28.5% by 5 p.m., Gallup International Balkan reported. By 3:00 p.m., voter turnout in the..
Data from the parallel count, with 100% of the sample counted, by the polling agency Gallup International Balkan, partner of BNR in the coverage of the..
As of 4pm, the average turnout across the country was 26.25%, according to the Central Election Commission (CEC). This was announced at a briefing by..
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