The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act. Caretaker cabinet approves 2023 draft budget In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the..
Following the approval of the 2023 draft budget, the caretaker cabinet decided to table it to the National Assembly. According to the draft budget, the budget deficit for 2023 is set at 6.4% of the country’s gross domestic product. According to..
“The Bulgarian Socialist Party is not going to support the draft budget of the caretaker government,” said Bulgarian Socialist Party (BSP) leader Korneliya Ninova, adding that the state budget was anti-social, and included unjustified expenses and..
“If the budget deficit set down by the caretaker government remains at 6.4% we can forget about the Eurozone,” GERB leader Boyko Borissov said at a press conference. Caretaker cabinet proposes a 2023 state budget with a 6.4% deficit..
The caretaker government is proposing a state budget bill for 2023 with a deficit of 6.4% of the GDP, or more than twice the 3% required by the Eurozone criteria . This was announced at a briefing by Prime Minister Galab Donev and Finance Minister..
The national priorities must be Schengen membership by the end of this year, entering the Eurozone by January 2025 and the Organization for Economic Cooperation and Development (OECD) by 2026, said the Bulgarian Industrial Capital Association..
Officially, the total inflation in Bulgaria for the past two years stands at over 28%, and it has impacted every household in Bulgaria. Against the backdrop of this figure, the trade unions in the country are demanding that all people, whose salaries..
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising some taxes, dropping preferential VAT as of mid-2023, and raising toll fees, as well as raising..
The Ministry of Finance presented a concept for a 2023 draft budget with a 3% deficit. The draft sets down a 10% increase in budgetary sector salaries in the sectors in which this has not yet been done. The draft also envisages the imposition..
Finance Minister in the caretaker cabinet Rositza Velkova has asked the ministries, by letter, to cut expenditure by 20% due to a risk to the budget, Trud and 24 Chasa write in their online versions. The cause for concern is the..
