The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act.
In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the treasury and structural reforms. The consultative body recommends a deficit of up to 3% of the GDP, and states that it should not be forgotten that next year the country will be evaluated by the European Commission. If the deficit remains as set down in the draft budget, Bulgaria will enter an excessive deficit procedure. The high deficit will lead to an increase in the public debt, and even though the country will remain with a comparatively low debt-to-GDP ratio, the interest on servicing the debt will be a burden.
From 8 June to 9 October, the Italian city of Rovereto is hosting the international exhibition "Human Rights and Dignity" . This year's 18th edition of the exposition features thematic works by artists from 32 countries, including Bulgaria...
8 June is a Day of Reflection in Bulgaria ahead of the national and European elections . On this day, voters should be left alone with their conscience to make the most sensible decision for themselves about who to vote for. On the day of reflection,..
The National Museum of Military History is hosting a Father's Day event on 8 June from 10am to 5pm , with free admission and lots of attractions, games and surprises dedicated to the special bond between fathers and children. This is the museum's..
By a decision from 6 June, the Council of Ministers has decreed emergency repairs of the fence along Bulgaria’s border with Turkey, BNR-Burgas..
The territory of Bulgaria has decreased slightly in the last two years, according to the National Statistical Institute (NSI). As of December 31,..
8 June is a Day of Reflection in Bulgaria ahead of the national and European elections . On this day, voters should be left alone with their conscience to..
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