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 Frankfurt went smoothly, Katya Zlatkova, a member of a polling station committee in the city, told Radio Bulgaria. She noted two factors that made voting a little difficult, but they were mainly logistical. One is that this election is..
"The victory of GERB-SDS is decisive. And we are determined to form a government ," said GERB leader Boyko Borissov at a briefing. According to him, the registered turnout means that the new parliament is representative . "It is best for all..
Bulgarians voted at 66 polling stations across Germany. Berlin has five, each of which is equipped with a voting machine. Election day is going smoothly. So far just over 800 people have voted, which compared to the 9 June elections is slightly more,..
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..
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