budget

Assen Vassilev will try to drain the coffers of the Bulgarian Energy Holding (BEH) in order to patch up the budget and reduce the deficit to 3% of GDP. This is clear from a letter sent by him to the new Energy Minister, the authenticity of which has already been confirmed by several media outlets. And several media outlets with …

Today, the first state budget prepared by the government of the so-called "Coalition of Change" will be submitted for discussion in the National Assembly. Expectations, especially for the party that leads the coalition and controls the Ministry of Finance - "We Continue the Change" - are high. GERB governments, especially the last one, deservedly do not have a very good reputation ...

Acting Finance Minister Valeri Belchev "corrected" himself on Friday and revealed that the deficit in his ministry's planned state budget for 2022 will actually be 5.1% of GDP, not 2.9%, as he initially said a week ago. I recall that at that surprise press conference, the minister did not know what the parameters of the main ...

For 2021, an increase in the budget of the National Health Insurance Fund (NHIF) by approximately BGN 312 million is planned. Unlike the previous year, this time it is nominal - within 7.2%, for comparison in 2019 - 2020 it was 9.1%. The main items on which these …

This week, the Council of Ministers approved the draft law on the state budget for 2020. It was announced by Finance Minister Vladislav Goranov as realistic, balanced and without surprises. Indeed, “without surprises” is an accurate definition – Budget 2020 carries the spirit of the same policy as in the preparation of the previous ones. But, fortunately, for …

Six years ago, a study by Alberto Alesina, Dorian Carloni, and Giampaolo Lecce was published entitled “Electoral Consequences of Large Fiscal Adjustments.” In it, the authors dispute the thesis that large reductions in budget deficits (for which the term “fiscal adjustments” is used) lead to worse electoral results for political parties that …

The draft law on the state budget for next year does not confirm initial expectations. The government has once again accumulated surpluses this year and although the budget balance at the end of 2016 is equal to zero, a balanced budget will not be a fact next year. Instead of trying to utilize its current revenues and preserve …

In March, Bulgaria placed three Eurobond issues on international markets for a total value of around EUR 3.1 billion. The issues were considered successful given the good yield achieved compared to the 10-year Eurobonds issued in the summer of 2014 for EUR 1.5 billion. Although the country’s need to exit …

At the end of last year, GERB announced its intention to initiate a program for free renovation of EPK blocks with more than 36 apartments. Today, a few months later, despite the obvious problems and the lack of quality planning, the program is a fact and is already in its initial stage. For a large part of the citizens, …

Yesterday, the more left-wing of the two major unions – the Confederation of Bulgarian Trade Unions – brought its members to parliament to protest changes to the pension system and a number of other elements of the budget that they disagree with. Of course, the aim of the union pressure is to give more money to a certain group of workers who …