Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Institute of Market Economics: Тhere will be no apocalypse if 2025 budget is not adopted

Photo: ime.bg

The state will continue to function normally even without the parliament voting on the state budget, according to an analysis by the Institute for Market Economics (IME) called "Without a Budget for 2025 and Without an Extension Law: What Next?". 

The IME believes that, contrary to the apocalyptic pictures that are drawn in this scenario, the structural laws of the three major budgets in the state provide for such an option. 

The amount of the main payments is preserved and, according to the rules for fiscal stability, the payments will be up to the amount of revenues, which will nominally increase. 

"If the legal framework allows an immediate budget crisis to be avoided, then entering the new year without an adopted budget creates risks for the predictability of the business environment, for the economy as a whole and for the normal functioning of institutions and local authorities," the IME specifies.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vazrazhdane party sends signal to SANS over email invitations for training in the US

Vazrazhdane party are to file a signal to the State Agency for National Security (SANS) over an attempt to "massively recruit" hundreds of Bulgarian municipal councillors, said Kostadin Kostadinov, leader of the party. He told media..

published on 12/20/24 11:13 AM

On a personal level 60% of Bulgarians are satisfied with 2024 and 47% are optimistic about 2025

Nearly 2/3 of Bulgarians said they were happy in 2024, while 26% responded negatively in the traditional end-of-year survey by Trend, commissioned by the 24 Chasa newspaper. Personal life, family, social circle and work are..

published on 12/20/24 11:01 AM

Rayna Mandzhukova: "Bulgarians abroad are heroes"

Severino Kozhuharov, co-owner of the newspaper "BG BEN", which is published in the UK, presented an honorary award "best partner and active contribution to the development of the newspaper "BG BEN" for 2024 to the chairman of the..

published on 12/20/24 9:18 AM