The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not increase the social security burden and change taxes when preparing the budget for 2025. The budget will meet the legal requirements - spending up to 40% of GDP and a budget deficit not exceeding 3%.
However, he did not specify what spending restrictions would be imposed to maintain the 3% deficit. The exchange rate of the Bulgarian lev to the euro is fixed and will not change, Zhelyazkov assured.
In another development, Prime Minister Rosen Zhelyazkov has dismissed Lyudmila Petkova as deputy finance minister. She headed the Finance Ministry in two caretaker cabinets before her brief stint as deputy minister in Zhelyazkov's cabinet. Petkova was acting finance minister when reports emerged of a 19 billion leva shortfall in the state treasury.
On Wednesday minimum temperatures will range between 13 and 18° C., for Sofia 15° C. During the day the weather will be predominantly sunny with scattered middle and high clouds. There will be isolated showers in the mountains. There will be a..
An International Monetary Fund mission will visit Bulgaria as part of its annual review of the country’s economy , the Fund said in a statement. The team, led by Fabian Bornhorst, will be in Sofia from 10 to 23 September 2025 for regular..
A Bulgarian delegation recently visited Kyiv at the invitation of President Volodymyr Zelensky , Ukraine’s ambassador to Sofia Olesya Ilashchuk said on Monday. The group, made up of Solomon Passy, Velizar Shalamanov, Ivan Anchev, Maxim Behar, Todor..
An International Monetary Fund mission will visit Bulgaria as part of its annual review of the country’s economy , the Fund said in a statement...
A Bulgarian delegation recently visited Kyiv at the invitation of President Volodymyr Zelensky , Ukraine’s ambassador to Sofia Olesya Ilashchuk said on..
On Wednesday minimum temperatures will range between 13 and 18° C., for Sofia 15° C. During the day the weather will be predominantly sunny with..
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