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.
An additional €100 million should be urgently earmarked for public sector pay rises, the Confederation of Independent Trade Unions of Bulgaria (CITUB) is demanding ahead of the second reading of the 2025 budget in the National Assembly next week. In..
Students can now test their skills in solving PISA tasks online. The Ministry of Education and Science has set up a module on its website with a link to the special platform. It contains sample tests in three areas - science, mathematics and reading -..
Far-right Georgescu banned from Romanian election by final ruling Romanian far-right populist Calin Georgescu will not be allowed to stand in Romania's presidential elections in May. His candidacy has been cancelled by the Central Election Commission...
A protest is taking place in Sofia to demand maximum sentences for a man and a woman who killed animals in a particularly cruel way. So far, nearly..
In response to the tragedy in North Macedonia, where more than 50 people lost their lives in a fire at a nightclub in the town of Kočani, Foreign..
Overnight, clouds over the north and east will bring brief showers. There will be light to moderate westerly winds which will increase in strength on..
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