BGN 100 Million Budget for the Elections in Bulgaria
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
Politics | April 9, 2024, Tuesday // 12:02
Bulgaria FinMin Justifies Defense Spending Cuts with 'Unknown Enemies'
- Tweet
Send to Kindle
Bulgaria's Finance Minister Djankov poses with a T-shirt presented to him in Stara Zagora saying "Stara Zagora - Center of the Universe". Photo by BGNES
Bulgaria's center-right government is reducing gradually the budget of the Defense Ministry, Finance Minister Simeon Djankov declared.
He pointed out that in the past few years the previous governments sign defense contracts "for such enormous sums" that Bulgaria will have to pay huge sums till 2014 to honor these deals.
Djankov explicitly said that the aim of the government is not to make new defense contracts in order to be able to reign in the spending of the Defense Ministry.
"Over the recent years the budget of the Bulgarian Defense Ministry was larger than the budgets of the other ministries. I don't think that this should be one of the main priorities for Bulgaria – to protect itself from unknown enemies, especially having in mind that most of our neighbors are NATO members," he said in Stara Zagora Friday as cited by BGNES.
"Unfortunately, the clearing of the mess created by the previous government will continue until 2014, until our second term," Djankov said.
With respect to next year's healthcare spending, he said the health sector will have the largest budget to date in 2011.
He further mentioned that in the recent months the fiscal reserve grew by BGN 1 B, and that this money will be kept at the Bulgarian National Bank with an interest rate of 0.2%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgaria Nears Eurozone Entry If Inflation Criterion Met, Says Finance Minister
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgarian Finance Minister Urges META to Combat Russian Propaganda Ahead of European Elections
In a concerted effort to tackle the pervasive issue of disinformation and misleading content, Bulgarian Finance Minister Asen Vassilev, along with Minister of Economy and Industry Bogdan Bogdanov, engaged in discussions with executives from META
Politics | February 9, 2024, Friday // 11:46
NASA Director to Visit Bulgaria!
On the second day of his visit to Washington, the Minister of Finance, Asen Vassilev, visited the headquarters of the National Aeronautics and Space Administration (NASA) of the USA.
Society | February 8, 2024, Thursday // 15:30
Bulgarian Finance Minister Reports State Budget Deficit Drop in November
Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame
Bulgarian National Assembly Unanimously Approves 30% Salary Increase for the Military
The Bulgarian National Assembly has unanimously voted in favor of a 30% salary increase for military personnel
NATO Plans New Military Base in Bulgaria with 5,000 Troops
Tensions in the Black Sea region have escalated, following Russia's invasion of Ukraine, as NATO announces plans to bolster its military presence, with a new base set to be established in Bulgaria
Bulgaria's Armoured Personnel Carriers En Route to Aid Ukraine
In a significant move towards bolstering security in the Black Sea region, the Turkish Parliament has ratified a memorandum paving the way for the establishment of a Mine Countermeasures Naval Group
US Secretary of State Antony Blinken Reassures Allies in Black Sea Region
Amidst escalating tensions in the Black Sea region, US Secretary of State Antony Blinken delivered a message of solidarity to allies, emphasizing the unwavering support of the United States
Bulgaria: No Immediate Threat to National Security after the Attacks on Israel
Following Iran's drone attack on Israel, Bulgaria's government has reassured its citizens that there is currently no immediate threat to national security
Bulgarian Defense Ministry Pushes for Increase in Military Spending to 2.5% of GDP
Amidst discussions in the Bulgarian parliament, Acting Minister of Defense Atanas Zapryanov has announced plans for a significant boost in military spending, aiming for it to reach 2.5% of the country's gross domestic product (GDP)
