If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government debt this year to rise by 1.5 billion euros to 5 billion and 150 million euros.
According to Vassilev, the hike will be used to repay next year's debt, with the difference likely to be almost 1 percentage point. This is a significant expense for the budget, which can be avoided if the debt was issued this year, Vassilev said.
On May 23, 24 and 25, the Festival of Crafts and Art takes place in Dobrich. Artists from all over the country will take part in it and present Bulgarian traditions and culture. Graduates of specialized educational institutions..
Primorsko is the new seaside capital of sports and culture, the municipality announced. Today, the European Sailing Cup event for the Olympic classes ILCA 6 and ILCA 7 officially starts in the town. The competition, in which 50..
Friday will be mostly sunny. Cumulus clouds will form in the afternoon and in many places there will be short-term, temporarily intense precipitation - significant in the Danube Plain and Eastern Bulgaria. Temperatures will rise and..
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it,..
The Trade Union of Bulgarian Medical Specialists has declared readiness for protest actions and an effective strike, according to a statement published..
55% of Bulgarians do not feel informed about the introduction of the euro in Bulgaria, while 41% express the opposite opinion, according to a..
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain