Survey: GERB Set to Dominate Next Parliament with 80 Deputies, WCC-DB to Lose More Seats
The upcoming composition of the 50th National Assembly projects GERB to secure 80 seats, a slight increase from their current 69
Bulgaria’s Parliament conclusively adopted amendments to the National Audit Office Act on Thursday.
Under the changes, the National Audit Office will consist of five instead of nine members.
The headcount of the NAO includes a chair, two deputies, and two members, all of which have a 7-year term in office, according to investor.bg.
The NAO Chair is elected by Parliament and the deputies are also elected by Parliament at the proposal of the NAO Chair.
One of the members of the NAO is elected by MPs at the proposal of the Institute of Certified Public Accountants in Bulgaria and one by the Institute of Internal Auditors Bulgaria.
Opposition parties, including the Bulgarian Socialist Party (BSP) and liberal party Movement for Rights and Freedoms (DPS) were against the proposed changes to the structure of the NAO.
Krasimir Yankov from BSP argued that single-handed decision-making necessarily involved distortion.
DPS leader Lyutvi Mestan suggested that MPs could include a provision stating that the term in office of the NAO coincided with the term in office of the government that had elected it.
BSP also opposed the provision tasking the NAO with audits of companies with a state-owned/municipally-owned stake of 50% or more, stressing that audits had to be introduced for state-owned/municipally-owned companies with state-owned capital of BGN 1 M or more, as well as small municipalities with a budget of less than BGN 10 M.
Ruling party GERB (Citizens for European Development of Bulgaria) opposed BSP’s proposal on the grounds that the NAO lacked the capacity to conduct such a large number of audits.
The idea of BSP was rejected, causing BSP MP Tasko Ermenkov to accuse the government of opening the door for corrupt practices.
BSP also voiced their dissatisfaction with the provision stating that the NAO budget would be part of the state budget, stressing that it was a way of making the unit subservient to the government.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Ryanair has announced plans to base its fourth aircraft at Sofia Airport and introduce flights to five new destinations this summer season
The event will bring together esteemed local and international leaders such as Wolfgang Schüssel, former Chancellor of Austria
Bulgaria’s plan to adopt the euro and become a member of the eurozone holds far-reaching implications, especially for the economy, political scene, and international relations; the Southeast European nation is looking to improve its economic conditions an
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU