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

Institute of Market Economics: Тhere will be no apocalypse if 2025 budget is not adopted

Photo: ime.bg

The state will continue to function normally even without the parliament voting on the state budget, according to an analysis by the Institute for Market Economics (IME) called "Without a Budget for 2025 and Without an Extension Law: What Next?". 

The IME believes that, contrary to the apocalyptic pictures that are drawn in this scenario, the structural laws of the three major budgets in the state provide for such an option. 

The amount of the main payments is preserved and, according to the rules for fiscal stability, the payments will be up to the amount of revenues, which will nominally increase. 

"If the legal framework allows an immediate budget crisis to be avoided, then entering the new year without an adopted budget creates risks for the predictability of the business environment, for the economy as a whole and for the normal functioning of institutions and local authorities," the IME specifies.



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

Sketches drawn by a forensic artist of the Bulgarian citizens accused of espionage in the UK. From left to right: Katrin Ivanova, Vanya Gaberova, Orlin Rusev, Ivan Stoyanov and Biser Dzhambazov, September 26, 2023

One more Bulgarian woman working for a Russian spy network has been revealed in Vienna

The spy network of Bulgarians led by Austrian Jan Marsalek in the UK had an agent in Austria , Austrian and German media reported, quoted by BGNES. The Vienna prosecutor's office is investigating a Bulgarian woman for espionage for the Russian..

published on 12/21/24 12:06 PM

No reports of Bulgarian citizens injured in Magdeburg Christmas market attack

According to the Bulgarian Embassy in Berlin, there is currently no information about Bulgarian citizens injured after the terrorist attack in the city of Magdeburg , in which a car rammed into a crowd at the city's Christmas market. The Embassy is in..

published on 12/21/24 11:17 AM
The Bulgarian Antarctic ship Sts. Cyril and Methodius

PM Glavchev offers guarantees that the expedition to Antarctica is financially secured

At the last moment, when the third expedition of Bulgaria's Antarctic research ship was supposed to leave for Antarctica in November, we received a letter that the money for the ship to return back has been redirected to grain producers. This meant that..

published on 12/21/24 11:08 AM