The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not increase the social security burden and change taxes when preparing the budget for 2025. The budget will meet the legal requirements - spending up to 40% of GDP and a budget deficit not exceeding 3%.
However, he did not specify what spending restrictions would be imposed to maintain the 3% deficit. The exchange rate of the Bulgarian lev to the euro is fixed and will not change, Zhelyazkov assured.
In another development, Prime Minister Rosen Zhelyazkov has dismissed Lyudmila Petkova as deputy finance minister. She headed the Finance Ministry in two caretaker cabinets before her brief stint as deputy minister in Zhelyazkov's cabinet. Petkova was acting finance minister when reports emerged of a 19 billion leva shortfall in the state treasury.
During the night, the weather over most of the country will be clear and calm. Temporary increases in cloudiness are expected over the central and eastern parts of Bulgaria. It will be mostly sunny on Sunday. Cumulus clouds will develop in the..
Thousands of people took part at Sofia Pride 2025, which began this afternoon at Knyaz Alexander I Square in the capital city. The campaign, organized for the 18th consecutive year, aims to promote equality and social integration for LGBTI+ people...
Sofia’s South Park II hosts the fifth edition of the Asian Festival dubbed “United in Diversity”. The event attracts a large Bulgarian and international audience and becomes a true celebration of Asian cultures. The festival is organized by the..
Bulgarian citizens in the territory of the State of Israel are advised to remain calm, strictly adhere to the instructions of the Israeli Civil Defense ,..
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
“The military conflict between Israel and Iran is a threat to the security of the entire region,” said PM Rosen Zhelyazkov and expressed the hope..
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