fiscal policy

In a previous post, we showed some of the reasons why the political system cannot be relied on to successfully solve socio-economic problems (see here). The theory of regulatory captivity and Bulgarian economic history revealed how the interaction between management structures and interest groups ends in a conspiracy against society and the plunder of resources. …

Houston, we have a problem. Judging by all the news and statements from the government on the subject, it looks like Budget 2021 will be the most wasteful in a long, long time. The entire budget process and the discussions surrounding it are extremely puzzling to anyone with basic economic literacy. Why in …

| Full text of the analysis | | Infographics | In view of the ongoing economic crisis, resources in each of the publicly funded activities of the state are becoming scarce. Specifically for the NHIF, on the one hand, income from insurance contributions is decreasing due to the increase in unemployment, and on the other hand, income from the state budget is decreasing. Despite …

Vladislav Goranov has decided to become a lobbyist. This is the gist of the news that the former finance minister has decided to establish a consulting firm after his resignation from the GERB government. All doubts about a potential conflict of interest aside, hardly anyone can be seriously surprised by such news. Still …

Extremely quickly and without almost any in-depth discussions, the 2020 Budget was adopted on first reading this week. We cannot help but be left with the impression that the budget for next year was very much overrun. And it shouldn't be, especially considering that this year the economic …

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 …

The lagging behind of most regions in the country compared to the major economic centers and the need for fiscal decentralization are topics that have been discussed for decades. Everyone knows that there is a problem and something needs to be done about it if we do not want Bulgaria to turn into a semi-desert with only a few large cities that …

Draghi urges Eurozone countries to adopt more aggressive fiscal policies Former central bankers and ECB board members have expressed serious disagreement with the ECB's current policy Interest rates on government debt in Europe continue to reach record lows Stock markets recovered slightly in September, but a new correction at the beginning …

With the arrival of autumn comes the budget season in the country. The draft budget for the next year (or at least its final touches) is always prepared in October and published towards the end of the month, and every time we from EKIP evaluate it...with great disappointment. This time we decided to take matters into our own hands and …

Author: Mark Thornton, Mises.org We are constantly told that unprecedented levels of money printing by the Federal Reserve and other central banks are necessary to stimulate the economy, create jobs, and generate economic growth. The truth is, this is a scheme to covertly steal purchasing power…