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.
On Friday, the lowest temperatures will be between 16 and 23°C; in Sofia – around 16°. It will be sunny during the day. There will be cumulus clouds over the mountains, with a very small probability of isolated afternoon..
A Bulgarian military contingent has departed for a peacekeeping mission in Kosovo , BNR’s Shumen correspondent reports. A total of 97 service members (90 men and 7 women) were officially sent off today. The contingent is part of NATO’s Kosovo Force..
Regional Library "Peyo K. Yavorov" in Burgas is hosting the forum "Burgas - an intersection of industrial heritage, ecological sensitivity and cultural potential", the organizers from the team of the Bulgarian Biodiversity..
On Thursday, minimum temperatures will range from 14 to 22°C, reaching a low of 14°C in Sofia. It will be mostly sunny during the day , with temporary..
Yordan Rouskov, a Bulgarian software architect living in the United States, has published a book titled Cloud Application Security Essentials with Azure:..
The Bulgarian government has approved the creation of a wholly state-owned joint-stock company , formally described as a sole-shareholder entity with..
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