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.
Polling day in Reading, south-east England, is going smoothly. About 300 people are expected to vote. The town's only polling station uses only paper ballots. This is the second time the polling station has been moved to a new address, but it is not..
Election day was peaceful for Bulgarians in London, ending two hours later than at home. However, one of the largest Bulgarian communities in a European capital, the one in London, did not go to the polls today in the numbers that we remember from the..
The exit polls from all the polling agencies show that GERB-SDS, led by Boyko Borissov, is clearly the number one political force in the future 51st Bulgarian Parliament. In recent years, the party has refrained from commenting before the final results..
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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