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.
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 the commission's deputy chairperson and spokesperson, Rositsa Mateva. The highest turnout was in..
Bulgaria is holding its seventh election in three years. As in the last elections in June, turnout is low. According to a Radio Bulgaria vox populi poll in central Sofia, the general opinion is that what is needed is good governance. That means clear..
A screening of the film "MPO - 100 Years Struggle for Freedom" will be held on November 9 at the Bulgarica Cultural Center in Chicago, USA, according to the Center's Facebook page. The film will be shown at 19:00 local time. The film is about 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..
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