Mixed Results for Bulgaria in 2024: Budget Deficit on Target, Social Issues Persist
Bulgaria’s Ministry of Finance projects a budget deficit of approximately 6.1 billion leva for 2024, equating to 3% of the anticipated GDP
The Bulgarian National Assembly has amended the 2019 state budget and increased the budget of the Ministry of Defense with EUR 1.07 billion. The amendment of the state budget aims to provide financing for the purchase of 8 new multi-role fighter jets for the Bulgarian armed forces.
The previously planned spending to the tune of EUR 139 million for other projects related to the modernization of the Bulgarian army will not be made this year, the Bulgarian MPs further decided. The state budget deficit in 2019 will increase to EUR 1.139 billion, BNR reported
Bulgaria is set to participate in NATO's largest exercise of 2025, "Steadfast Dart 2025" (STDT25), which will be held across Bulgaria, Greece, and Romania in the first quarter of the year
Negotiations for forming a government in Bulgaria with the first mandate are ongoing
A video circulating on Facebook shows a scene just before Kiril Petkov, leader of the political party "We Continue the Change" and former Prime Minister of Bulgaria, received his indictment from the prosecutor's office.
Rumors about GERB forming a government with the Bulgarian Socialist Party (BSP), "There Is Such a People" (TISP), and Ahmed Dogan's DPS have sparked significant discussion
Kiril Petkov, co-chair of "We Continue the Change," has been summoned to the Sofia City Prosecutor's Office, where he is set to face charges
Former Bulgarian Defense Minister Prof. Todor Tagarev described the idea of NATO countries allocating 5% of GDP to defense as unrealistic, labeling it a significant financial burden
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