BGN 100 Million Budget for the Elections in Bulgaria
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame.
According to Vassilev, this achievement positions them comfortably within the 3% deficit requirement. He attributed this success to effective tax collection measures, indicating a noteworthy surge in collection rates. The minister expressed confidence in surpassing the budget with a deficit lower than the targeted rate.
"We've witnessed the fruits of tax collection strategies. The increased collection rates have been remarkable, allowing us to set a stable base for next year's budget," stated Vassilev, highlighting ongoing reviews in tax laws as part of the process. The discussions in the meeting primarily centered around extending support for the 2024 State Budget Bill.
This positive fiscal development reflects a stronger financial outlook and a promising trajectory for Bulgaria's economic stability and growth.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria
Artificial intelligence is changing the world’s economic and political landscapes, pushing every country to increase their AI investments.
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU