Bulgaria's Draft Budget for 2025: 3% Deficit, State Debt Growth, and Key Tax Changes
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Amid deliberations over amendments to the Constitution, the proposition to alter Bulgaria's national holiday has been abandoned between the initial and subsequent readings. Chairman of the Committee on Constitutional Affairs, Radomir Cholakov, made this announcement from the parliamentary podium ahead of the second vote on revisions to the Basic Law.
The proposed change aimed to designate May 24 as the new national holiday, replacing the current celebration on March 3. Advocates of the modification intended to elevate the Day of Slavic Writing and Culture, emphasizing the cultural and literary heritage it represents. Cholakov stressed, "We aim to reinforce our lineage as descendants of enlightened individuals and signal a future rooted in scientific progress."
The proposal sparked intense debates, prompting the formation of an initiative committee that gathered signatures advocating for a referendum on the matter. Initially supported by GERB, the party's leader, Boyko Borissov, later withdrew his backing from the initiative.
The decision to discard the proposal follows contentious discourse surrounding the potential alteration, which stirred diverse opinions and drew attention to the significance of historical and cultural symbolism embedded within national holidays.
Overnight, light rain showers are expected, with no significant precipitation forecasted during the day
A tragic incident occurred yesterday afternoon at the "Shiligarnika" ski slope in the area above Bansko
On December 10, the weather across Bulgaria is expected to be mostly cloudy with periods of rain
In Bulgaria, more than 60% of people aged 60 to 64 remain active in the labor market, a figure that surpasses the European Union average.
From January 1, 2025, the maximum social security income in Bulgaria will rise to 4,130 leva
December 8 is celebrated as the holiday of Bulgarian students
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