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Bulgarian lawmakers have approved the state budget for next year at an extraordinary plenary that lasted until late on Tuesday evening.
With revenues at BGN 20.6 B (BGN 18 B of which are to be collected from taxes), expenditure for 2016 is estimated at around BGN 11 B.
A proposal under which Bulgaria's local administrations would be allocated more funding, submitted by the socialist opposition, was turned down, news website Dnevnik.bg reports.
Earlier this week, Bulgaria's Prime Minister Boyko Borisov suggested municipalities should consider raising local taxes to allow the central budget to focus on security issues.
Also on Tuesday, MPs passed the budget of the National Health Insurance Fund (NZOK).
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In a recent decision made during an extraordinary budget and finance committee meeting, deputies opted to grant a BGN 100 supplement for Easter solely to pensioners whose pensions fall below the poverty line
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
The Institute for Market Economics (IME) presented its fifth annual initiative with a map showcasing average salaries by municipalities throughout the country in 2022
Bulgarian Prime Minister Nikolai Denkov asserted that the 2024 budget, presented at the Cabinet meeting on Thursday, is designed to benefit the people and foster a robust economy
Bulgarian Prime Minister Nikolai Denkov commended Finance Minister Assen Vassilev and his team for achieving a 2.2% budget deficit for 2023, surpassing the anticipated 3%
In a recent Facebook post, Ivaylo Mirchev, an MP from "We Continue the Change - Democratic Bulgaria," raised suspicions about President Rumen Radev's alleged sabotage of Bulgaria's Eurozone aspirations
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
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