The European Commission (EC) will issue a new assessment under the excessive deficit procedure against Bulgaria in November
For April, the budget deficit has been reduced to zero, so no funds from the Fiscal Reserve will be used to cover it. This was announced by acting Finance Minister Georgi Klissurski
Bulgaria is not automatically at risk of an excessive deficit procedure, but faces a real risk of entering a corrective procedure if it fails to adhere to the set expenditure trajectory
The news was announced by Prime Minister Zhelyazkov during a joint briefing with EU Council President Antonio Costa
The Bulgarian budget deficit reached EUR 700 million, according to preliminary data by the country’s Ministry of Finance. This means that in the month of October alone
