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.
Very high turnout by midday at one of the 16 polling stations in the heart of Europe - Brussels. 334 Bulgarians (as of 15:00 Bulgarian time) have so far exercised their right to vote in Section 2 of the Permanent Representation of Bulgaria to the EU,..
The first data from the exit poll by the Trend sociological agency , reported on Nova TV, show that 7 parties are certain to enter the new 51st National Assembly: GERB-SDS - 26.1% , We Continue the Change - Democratic Bulgaria (PP-DB) - 14.3%,..
The results of the exit polls conducted by the Gallup International Balkan sociological agency, BNR's partner in covering the vote, show that 8 parties and coalitions are certain to enter the 51st National Assembly, while one crossed the 4% threshold..
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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