The budget deficit will be able to exceed 3% of gross domestic product in exceptional circumstances. This was decided by the parliament with the adoption of amendments to the Public Finance Act at second reading. According to the current regulations, the budget deficit could not exceed 2% of GDP.
In April, due to the coronavirus crisis, the European Commission allowed each member state to temporarily exceed a deficit of 3%, reporter Dobrina Karambolova informed.
Sofia’s South Park II hosts the fifth edition of the Asian Festival dubbed “United in Diversity”. The event attracts a large Bulgarian and international audience and becomes a true celebration of Asian cultures. The festival is organized by the..
''Bulgaria needs young people who have gone abroad, received a good education and become accustomed to the discipline of modern life in Europe and around the world to return and bring their skills back home. This will transform the business..
A coordination center was established yesterday at the Ministry of Foreign Affairs in connection with the situation in the Middle East. The Bulgarian government is receiving real-time information on everything that is happening and is in contact with..
Bulgarian citizens in the territory of the State of Israel are advised to remain calm, strictly adhere to the instructions of the Israeli Civil Defense ,..
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
“The military conflict between Israel and Iran is a threat to the security of the entire region,” said PM Rosen Zhelyazkov and expressed the hope..
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