Mass Exodus: Six 'Greatness' MPs Leave, Parliamentary Group Collapses
The Central Council of the "Greatness" party recently urged Nikolay Markov to resign as chairman of the parliamentary group
Today, MPs on voted to approve the state budget at first reading. The opposition Bulgarian Socilaist Party (BSP) and the liberal Movement for Rights and Freedoms (MRF) were against the budget framework. The budget was supported by GERB, BNT reported.
Vladislav Goranov, Minister of Finance, said that principle that the revenues and the expenses are equal is fundamental to this budget and we set ourselves the primary goal of following it, he added.
The budget envisages for the next year the revenues and expenses to be equal and amount to BGN 46.8 billion. Increasing income; education; defence and healthcare remain a priority. From January 1, budget salaries are projected to go up by 10% and the teachers’ salaries by 17%. The minimum wage will be BGN 610, with the government aiming to reach an average wage of BGN 1.400 by the end of the year. BGN 1.9 billion has been earmarked for defence, which is close to NATO's requirement for defence spending to be over 2% of the country's GDP.
Opposition commented that they would propose an alternative budget between the two readings of the budget.
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023