fiscal policy

Въпросът за връзката между инфлацията и членството в еврозоната засили актуалността си през лятото след публикуването на Конвергентния доклад и официалните решения за присъединяване на България към еврозоната. Българските граждани са разтревожени от ускореното нарастване на цените в процеса на смяната на българския лев с евро и премахването на валутния …

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 …

| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...

|Full text of the analysis| |Official video presentation of the analysis| The eurozone suffers from deep structural problems that are hampering economic growth and leading to the accumulation of imbalances between member states, our new analysis shows. The common European currency is failing to achieve its main goals – ensuring faster growth and convergence in …

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 …

The introduction of the euro usually breaks fiscal discipline, causing government debt to increase. This phenomenon has been observed for a long time, since the very creation of the eurozone in the countries that founded it. Debt burden of a country The ratio of public debt to gross domestic product (GDP) in a country is the most appropriate indicator …

Last week, the economic experts of the Bulgarian National Bank surprisingly joined the Eurosceptic authors of this site. Judging by the working version of the BNB's part of the "Analysis of the Effects of the Introduction of the Single European Currency in the Republic of Bulgaria", the central bank agrees that the adoption of the euro would expose ...

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 …

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 ...