Sofia Residents Reap Over BGN 4 Million in Savings on Local Taxes for 2024
Sofia residents who have dutifully paid their local taxes for the year 2024 have collectively pocketed a substantial sum, saving a remarkable BGN 4,678 million by April 14
The so-called Financial Stability Pact, involving amendments in the Bulgarian Constitution, was approved by the ad hoc parliamentary committee devoted to it amid opposition protests.
The pact was defended by its mastermind FinMin Simeon Djankov, who argued that it will ensure recovery and stable growth for the country.
The Financial Stability Pact includes enshrining the following rules in the Bulgarian Constitution: a qualified 2/3 majority in parliament for changing taxes in Bulgaria, a 2% limit to the budget deficit, as well as a 40% of GDP limit for redistribution.
Ognian Stoichkov from nationalist party Ataka argued that such measuers are not fit to be constitutionally enshrined, and further that they could adversely affect areas of public spending such as education.
"The Stability Pact dooms Bulgaria to persisting and long-term poverty," argued Bulgarian Socialist Party MP Yanaki Stoilov, who saw it as a continuation of the neo-liberal policy which according to him had brought on the financial and economic crisis to start with.
Fellow socialist Rumen Ovcharov argued that the move by the center-right GERB cabinet and MPs lacked any reasoned substance and was just a piece of pre-election fireworks.
Aliosman Imamov from the Movement for Rights and Freedoms argued that it is not clear how the pact will affect the income of people and confessed of an overall skepticism of the project, saying his fellow MPs will abstain from discussions.
Ekaterina Mihaylova from the Rightist Blue coalition partly agreed with the proposal, but argued against the introduction of qualified majority for changing the tax system.
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I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
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