deficit

The arrival of the new US government and its signals that the US military presence in Europe may be about to be withdrawn have caused violent reactions on the old continent. On March 4, the President of the European Commission (EC) Ursula von der Leyen officially announced the “ReArm Europe” initiative with a budget of 800 billion euros to improve …

Author: Stefan Raychev Antonov By submitting the draft budget for 2025 from the regular cabinet of Rosen Zhelyazkov, the second consecutive finance minister sacrifices his reputation and allows himself to look ridiculous in the eyes of the professional community. In the name of Bulgaria adopting the euro, Temenuzhka Petkova offered an even more absurd explanation of how …

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 …

In last week's article, I presented an analysis of the state of the Bulgarian economy and public finances according to the most recent data from the National Statistical Institute and the Ministry of Finance. The situation, as we have seen, is not at all rosy. Long-term investments have collapsed, private consumption is also starting to weaken, and the negative contribution of net exports to …

As the winter season approaches, the economic outlook is becoming increasingly bleak, both for Bulgaria and for the whole of Europe. Data shows that gas storage facilities in the European Union are filled to relatively satisfactory levels and natural gas prices have started to decline. However, recession seems inevitable in a number of key European economies, led by …

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 ...

In the new special episode of "The Intelligent Investor" we comment on what has happened in the last few weeks since the coronavirus pandemic escalated worldwide. How badly will different economies, sectors and banking systems be hit? What will happen to government debt, especially in the member states of the European Union? Will there be a new …

This year's budget for medicines in Bulgaria amounts to 1.2 billion leva, forming a quarter of the total healthcare budget of the National Health Insurance Fund. However, our market still lacks certain medicines that are easily accessible in the European market. The lack of these medicines, as well as the abuses on this market, are mainly due to …

Direct state intervention in pricing is a traditional tool for solving economic or social problems caused by a sharp increase or decrease in prices. The economic past of Bulgaria during the period between the First and Second World Wars (1919-1939) reveals some typical practices of state pricing and their consequences. It was already …

Did you know that the 2019 Budget of our country includes a higher deficit than that of Portugal, which was in a fiscal crisis a few years ago? The 2019 Budget was officially published on the website of the Ministry of Finance this Monday, and unfortunately, once again the government focuses on higher spending without structural reforms, …