Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Without a state budget Bulgaria will go bankrupt after 10 June

Boyko Borissov
Photo: BGNES

The agreement on forming a government on a rotating basis is not a coalition between the first and the second political force, GERB leader Boyko Borisov told reporters. In his words it is responsible behavior because otherwise in June “we shall have no state”. “I call it responsible behavior by parties that are diametrically opposed, with programmes that are 100% identical, which have at the same time put their egos aside, and have come together to overcome the crisis,” Boyko Borissov said.

According to Finance Ministry data, if no state budget for the year is approved  after 10 June, or if last year’s budget is not extended once more, the state will only be able to spend what it has collected. However, at the moment it is, in practice not possible to adopt a brand new budget for the year by 10 June, and the most probable hypothesis is for the MPs to vote one more extension of last year’s budget.

This means that spending will continue at the same level as during the same period of 2022, taking into account the enactments of the National Assembly, the Council of Ministers and other documents which set down additional or reduced budgetary means.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Iliana Iotova in Belogradchik, 29 June 2024

Vice President Iliana Iotova: There is a danger of serious political crisis

Vice President Iliana Iotova has described the situation in Bulgaria as "extremely unstable". "There is a great danger of a serious political crisis that could make it impossible for us to cope with the Recovery and Resilience Plan, with the operational..

published on 6/29/24 3:05 PM
Bishop Sioniy (left)

Bell ringing welcomes the relics of St. Euthymius of Tarnovo in Saint Alexander Nevsky Cathedral

Bishop Sioniy, the abbot of the Troyan and Bachkovo monasteries, brought the relics of the Holy Patriarch Euthymius of Tarnovo to the Patriarchal Cathedral of St. Alexander Nevsky, which announced the event with a bell ringing. The shrine was..

published on 6/29/24 1:05 PM

Police detains hacker "Emil Kyulev" who broke the database of state institutions, banks and legal entities

The hacker "Emil Kyulev", who broke the database of state institutions, banks and legal entities, was caught The Sofia City Prosecutor's Office detained for up to 72 hours and brought as a defendant the hacker presenting himself online under the..

published on 6/29/24 12:59 PM