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.
The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112 votes in favour. The draft document was submitted by We Continue the Change – Democratic Bulgaria..
The Association of Bulgarian Schools Abroad (ABSA) is holding its XVIII annual conference in Veliko Tarnovo , bringing together members from around the world. The motto of this year's conference is "Learning by Playing! Playing by Learning!", the..
The most successful Bulgarian Commercial and Economic Offices abroad for 2024 will be honoured today at an awards ceremony at the Bulgarian Chamber of Commerce and Industry (BCCI). The 15th edition of the awards is jointly organized by the Bulgarian..
From July 28 to August 3, the town of Blagoevgrad (Southwestern Bulgaria) will host the 32nd edition of the prestigious International Mathematics..
A total of 85 folk ensembles from across the country will participate in the "Sparks from the Past" festival, which will take place in the..
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