The state budget balance as of May 31, 2020 is positive, totaling over 671 million euros, the Ministry of Finance has reported. The positive balance is formed as revenues are 422 million euros more than expenditures. Separately, 249 million euros..
The Bulgarian National Assembly has changed the conditions under which tour operators could receive assistance for charter flights with foreign tourists. This happened with amendments to the Law on the Bulgarian Red Cross adopted at second reading...
“Bulgaria supports the EU recovery plan. A balanced compromise between grants and loans has been proposed,” said Prime Minister Boyko Borissov during a video conference of the European Council on the plan that includes a new multiannual financial..
The government's draft for a second budget update for this year has been submitted to parliament. The cabinet has approved changes to the basic financial law, which increase the maximum amount of state guarantees that the country can take. They range..
According to the Institute for Market Economy, Tax Freedom Day in Bulgaria falls on May 15 this year. Bulgarian tax payers needed a total of 136 days to pay off their taxes to the tune of EUR 23.9 billion and fill the state treasury. On this day the..
At the end of March, the budget had a surplus of 700,000 euros. The crisis will still affect the treasury, the government said after checking the execution of the state budget in early 2020. At the end of March, the fiscal reserve is over 5 billion..
A parliamentary committee has approved the changes to the state budget law. The external debt limit has been raised from EUR 8 billion to EUR 10 billion. Unemployment fund rises by more than EUR 700 million. Bulgarian Development Bank's capital..
With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit..
The government debt in 2020 can not exceed EUR 1.124 billion, the 2020 draft budget published on the web site of the Bulgarian Ministry of Finance shows, the Bulgarian National Radio informs. For the first time in many years, the budget is..
Starting July 1, pensions will rise by 6.7%. This is envisaged in the draft budget of the State Social Security for 2020, the Bulgarian National Radio reported. The state will spend nearly EUR 373 million more on pensions next year. There is no change..
