The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act.
In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the treasury and structural reforms. The consultative body recommends a deficit of up to 3% of the GDP, and states that it should not be forgotten that next year the country will be evaluated by the European Commission. If the deficit remains as set down in the draft budget, Bulgaria will enter an excessive deficit procedure. The high deficit will lead to an increase in the public debt, and even though the country will remain with a comparatively low debt-to-GDP ratio, the interest on servicing the debt will be a burden.
The Association of Bulgarian Schools in America invites children from the Bulgarian community in North America to participate in a competition dedicated to November 1 - National Awakeners' Day, the organization announced on its..
The populations of the Eastern imperial eagle and the black vulture, Griffon vulture and Egyptian vulture in the Vrachanski Balkan, Sinite Kamani and Bulgarka nature parks will be supported through projects under the 2021–2027..
The Prosecutor's Office has raised new charges against Mayor of Varna, Blagomir Kotsev, BNR reporter Silvia Velikova informed. He is expected to be presented with materials part of the case on Friday, which means that the..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
Plovdiv Airport welcomed the first flight from Milan (Malpensa) with an official ceremony on October 26. The aircraft carried 87 passengers on the newly..
Overcast, rain
Rain