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In a session held on Monday, Parliament advanced the 2024 State Budget Bill at its first reading, marking a significant legislative step forward. The bill received 144 votes in favor, 66 against, and no abstentions.
Support for the budget bill came from GERB-SDS, We Continue the Change-Democratic Bulgaria, and the Movement for Rights and Freedoms. However, Vazrazhdane, BSP for Bulgaria, and There Is Such People opposed the bill.
Notably, Parliament previously dismissed the draft budget that included the judiciary budget suggested by the Supreme Judicial Council.
The second reading of the bill is scheduled in four days, a shorter timeline than the usual seven. During this time, further deliberations will take place to address additional changes and proposals.
Outlined within the bill are crucial macroeconomic indicators for 2024 - 2026, featuring an expected acceleration of GDP growth to 3.2% in 2024. The anticipated average annual inflation rates are set to decrease to 4.8% in 2024, 2.8% in 2025, and 2.2% in 2026.
Under the Consolidated Fiscal Programme, the budget balance is projected to maintain a deficit of 3% of GDP annually throughout the period.
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
A recent sociological survey conducted by the Center for Analysis and Marketing (CAM) in February indicates that five parties are likely to secure seats in Bulgaria’s next parliament. According to the study, these parties are Rumen Radev’s formation, GERB
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
Caretaker Finance Minister Georgi Klisurski has urged all departments, ministries, and municipalities to implement the planned 5 percent salary increase for public sector employees, noting that many have not yet done so despite it being provided for in th
The European Parliament has approved a €90 billion support package for Ukraine, aimed at addressing the country’s urgent financial and defense needs as Russia’s war of aggression enters its fifth year
The consolidated fiscal program (CFP) for 2025 closed with a deficit of BGN 6,828.3 million (approximately EUR 3.49 billion), representing 3.1 percent of the projected gross domestic product.
A new survey by the “Sova Harris” agency indicates that six political formations would enter the next Bulgarian National Assembly, based on data collected between April 2 and 6 among 800 respondents through standardized face-to-face interviews
Bulgaria is bracing for an increase in disinformation activity in the run-up to the parliamentary elections on April 19, with authorities warning of coordinated attempts to influence voters and destabilize public trust
The Prosecutorial College of the Supreme Judicial Council has declined to remove Borislav Sarafov from his position as Acting Prosecutor General, despite calls from the Justice Ministry to act following a recent Constitutional Court ruling
The government has decided to withdraw all three Bulgarian nominations for the position of European Prosecutor, effectively restarting the procedure after identifying serious flaws in the initial selection process
President Iliana Yotova convened a meeting of institutions responsible for the conduct of the early parliamentary elections on April 19, with a focus on assessing preparedness and ensuring that every vote is properly safeguarded
Bulgaria’s caretaker Foreign Minister Nadezhda Neynsky said the announcement of a two-week ceasefire between the United States and Iran brought a sense of relief after weeks of escalating tensions in the Middle East
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
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