The budget deficit will be able to exceed 3% of gross domestic product in exceptional circumstances. This was decided by the parliament with the adoption of amendments to the Public Finance Act at second reading. According to the current regulations,..
A government's decision issued today requires institutions to save money because of the coronavirus crisis. Institutions will have to analyze upcoming payments and look for ways to save money of their budgets by the end of the year. The news has been..
Bulgaria retains the chance to avoid downward spiral in the current Covid-19 crisis thanks to the help of the anti-crisis measures and the emergency capital injections in its health and financial system. This country can revive its..
Prime Minister Boyko Borissov has announced that he guarantees the state would have money no matter who ruled. In his web profile, Borissov said he had instructed Minister of Social Affairs Denitsa Sacheva and Deputy Prime Minister Tomislav..
“A considerable part of the measures in the budget for 2021 – the increase in the minimum salary and minimum pension, are part of the government programme and cannot be linked to the pre-election year,” said Minister of Labor and Social Policy..
Minister of Finance Kiril Ananiev described the budget for 2021 as “anti-pandemic”. “It has clear priorities targeted most of all at measures for overcoming the consequences of the crisis,” he said for BNR’s Horizont channel, adding that over 3..
“The budget does not focus sufficiently on the effectivity of spendings, or on attaining certain goals in politics,” Latchezar Bogdanov from the Institute for Market Economics commented for the BNR. The biggest budgeting problem is what the..
In the new 2021 budget another 230 million euros are earmarked for healthcare , Prime Minister Boyko Borissov said in Gabrovo. He added it was important for the number of people infected with Covid-19 not to rise and called on mayors to continue..
“Bulgaria is to receive almost 29 billion euro of European funding over the next 7 years,” Prime Minister Boyko Borissov announced in a video comment on Facebook on the deal reached by the EU leaders in Brussels “Bulgaria is getting 1 billion..
The EU summit meeting continues in Brussels today. It is dedicated to the economic incentives aimed at overcoming the effects of the Covid-19 pandemic, as well as to the budget of the union for the next 7 years. European leaders yesterday failed to..
