Bulgaria's MPs Pass Fiscal Council Proposal at First Reading
Bulgaria's Parliament adopted at first reading the establishment of a Fiscal Council proposed by the government.
The proposal was voted in favor by 91 MPs, 11 were against and 30 abstained.
The Fiscal Council will be established as an independent body which will monitor fiscal policy and will prepare analysis and advice, as well as create conditions for increasing budget transparency and accountability.
The Council will have five members, including a chairperson. Members will be elected by the National Assembly for a term of 6 years.
The establishment of a Fiscal Council aims at transposing European directives in Bulgarian legislation and fulfilling the country's commitments as a member of the EU.
- » Bulgaria’s Tax Agency to Extend Media Sector Inspections to Online Editions
- » Bulgarian Tax Authorities Inspecting Print Media
- » Bulgaria's 6th Largest Parliament Group Dissolved
- » Rejection of Referendum Questions 'Blow to Half Million Citizens' - Bulgarian President
- » Bill on Establishing Single Anti-Corruption Unit in Bulgaria Fails to Pass 1st Reading
- » Bulgarian Parliament to Discuss Anticorruption Law at First Reading