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.
Election day in the Macedonian capital Skopje was normal, with no queues at polling stations. Around 50 people had voted by midday, and the number was expected to exceed 100 by the time the polls closed. Atanas Velichkov, editor-in-chief of the Tribuna..
According to the preliminary results of the parliamentary elections, the MECH party is emerging as a new player in parliament. The acronym MECH stands for "Morality, Unity, Honour". The party was founded in October 2023 by lawyer Radostin Vasilev , a..
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 vote, show that 8 parties and coalitions enter the 51st National Assembly, one is on the edge of 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..
The turnout reached 28.5% by 5 p.m., Gallup International Balkan reported. By 3:00 p.m., voter turnout in 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..
Partly Cloudy
Mostly Cloudy
Clear