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

Hundreds of people to meet July Morning on the central beach of Burgas

Hundreds of people will meet the sunrise on the first morning of July with a big concert on the central beach of Burgas. The program for "July Morning - 2024" will start tonight and will last until the morning. Various bands will perform on..

published on 6/30/24 2:36 PM

Metropolitan Daniil of Vidin is the new Bulgarian Patriarch

Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes.  Metropolitan Gregory of Vratsa received 66 votes. There were three invalid ballots. The Grace of the Holy Spirit is in Unity, Purity of Faith and..

updated on 6/30/24 1:40 PM
Luben Dilov JR

MP Luben Dilov: Rosen Zhelyazkov will probably receive the cabinet-forming mandate

Former National Assembly speaker Rosen Zhelyazkov will probably receive tomorrow the first cabinet- forming mandate from President Rumen Radev, GERB-SDS MP Luben Dilov assumed in an interview for BNR. He added that he was referring to "statements" by..

published on 6/30/24 12:41 PM