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.
According to the regular sociological survey by Gallup International Balkans in January 2025, society has moderate expectations for positive changes in Europe and Bulgaria from the policies of the new US President Donald Trump. 30.4%..
The Bulgarian Cultural Institute in London is covering all the costs for the festive concert-performance that will mark the national holiday. The concert will be held at the Ondaatje Theatre, Royal Geographical Society on March 1,..
Bulgaria has received encouraging signals at the Eurogroup meeting. "The country has made even greater progress in fulfilling the price stability criterion," said European Commissioner for the Economy Valdis Dombrovskis. When..
The Vazrazhdane parliamentary party is organizing a protest on February 22 in front of the Bulgarian National Bank against Bulgaria's entry into the..
The agriculture sector in Bulgaria maintains its stability, providing employment to 6% of the population and forming about 4% of the country's GDP. This..
A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the..
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