Bulgaria’s Government To Have First Session, Discuss Budget Update

Business » FINANCE | November 11, 2014, Tuesday // 07:34| Views: | Comments: 0
Bulgaria: Bulgaria’s Government To Have First Session, Discuss Budget Update

The first session of new Bulgaria’s government will start on Tuesday.

The government will discuss the budget update and amendments to the tax laws. It transpired on Monday that it will table a new proposal, withdrawing the one made by the caretaker government.

According to the new draft, posted on the finance website on Monday, the new update provides for an excessive deficit of 3.7% of GDP, or a little below BGN 3 B.

For comparison the caretaker's estimations for a bigger excessive deficit. Both the old and the new budget update plans provide for a new state loan of BGN 4.5 B.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: government, budget, excessive deficit, update, loan
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria