Key Features of the New Bulgarian ID Cards
In a significant update to Bulgaria's identification system, the issuance of new ID cards will come with a higher price tag of BGN 30, compared to the current fee of BGN 18
Bulgaria consolidated budget has shown a surplus of BGN 915.2 M at the end of February, equivalent to 1.0% of the projected 2016 GDP.
This compared with budget deficit of BGN 105.5 M equivalent to 0.1% of GDP at the end of February 2015, the Finance Ministry said in a statement on Thursday.
The ministry attributed the turnaround to increased revenues and grants as well as decreased spending in the first two months of 2016 compared with the same period of last year.
Bulgaria’s consolidated budget showed a surplus of BGN 991.6 M for end-January equivalent to 1.1% of the projected 2016 GDP.
Revenues and grants have increased by 15.9% year-on-year, reaching BGN 5.52 B as of end-February, or 16.7% of the 2016 plan.
Tax revenues including social security contributions have increased by 10% on the year in nominal terms, reaching BGN 4.23 B, or 16.3 B of the plan for the year.
Revenues from direct taxes totalled BGN 487.5 M for the first two months of 2016, or 10.4% of the plan for the year, increasing by 1.7% in comparison with the same period of 2015.
Revenues from indirect taxes totalled BGN 2.52 B as at end-February 2016, up 15.2% from a year earlier and equal to 19% of the 2016 plan. VAT revenue was BGN 1.70 B, or 20.2 % of the planned total for the year.
Expenditure under Bulgaria’s consolidated budget, including the country’s contribution into the EU budget, totalled BGN 4.60 B as at end-February 2016, or 13.2% of the total planned for the year. This compared with expenditure of BGN 4.87 B as at end-February 2015, the Finance Ministry said.
The government’s fiscal reserve totalled BGN 8.9 B at the end of February 2016, including BGN 6.8 B deposited with Bulgaria’s central bank.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022