In case of exceptional circumstances, the budget deficit may exceed the threshold set at 3% of the GDP,a draft of Bulgaria’s Ministry of Finance reads, investor.bg informs. The global Covid-19 pandemic and economic stagnation put the fiscal frameworks of a large number of countries, including Bulgaria, to a severe test, the motifs of the Finance Ministry read.
According to the proposal, the expenditures made with EU financing, including the national co-financing, should not be included in the budget deficit. The proposal also reads that unspent funds can be used to implement other priority policies.
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
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