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The (anti) crisis measures of the government

After weeks of uncertainty whether the government of Bulgaria had an exit plan for the crisis (of the budget), on Wednesday, at last, the cabinet announced 60 anti crisis measures. In this topic here we will gather the opinions of experts about how useful and reasonable these measures are and what problems do they solve.

9 August 2010 17:48 A tendency towards an increase of social payments

No matter the measures the Bulgarian government is undertaking with the amendments of the Social Insurance Code, the tendency is towards constant and significant increase of budgetary spending for social payments. According to data of Industry Watch, the expenses in the consolidated budget (with ...

4 June 2010 16:02 A surplus for April but still a large fiscal deficit for 2010

The fiscal deficit of Bulgaria this year has reached 1.299 bn levs (0.666 bn euro) no matter the fact that the Ministry of Finances reported surplus for April of 369.6 mn levs (189.53 mn euro). The deficit in the national budget is worth 958.4 mn levs (491.48 mn euro) and on the European funds i ...

14 May 2010 14:08 The government is planning to spend the fiscal reserve?

On May 5th the government surprisingly announced that it is filing in Parliament a draft legislation, aimed at changing Budget 2010. Then, as euinside wrote, the news raised more questions than made this very important issue clearer. A week later the plans of the government continue to be covere ...

7 May 2010 14:06 Show me the money!*

While I was waiting for the press conference in the Council of Ministers to begin, I received an e-mail from DG ECFIN of the European Commission. The letter properly informed me that Commissioner Olli Rehn's briefing will start any moment (live streamed on the website of the Commission), who wil ...

6 May 2010 16:15 The deficit rose by 271 mn for a month and is now over 1 bn

The budgetary deficit for the first three months of the year has reached 1 bn 669 million levs (855 mn euro). Only for March the fiscal deficit is almost 271 mn levs (138.9 mn euro), the data about the implementation of the Consolidated Fiscal Programme for the first quarter of 2010 show. The da ...

7 July 2010 16:48 Brussels: reduce the deficit by 2011 and avoid deterioration in 2010

The European Commission announced Bulgaria had an excessive budgetary deficit for 2009 and moved forward to the next phase of the excessive deficit procedure. The assessment is based upon the data provided by the Bulgarian authorities in April 2010 and verified later by Eurostat. According to th ...

30 May 2010 12:29 The revision of the budget is legalizing the huge fiscal deficit

Quite strong words used the economists from the Institute for Market Economy Svetla Kostadinova, Petar Ganev and Dr. Richard Ran to explain the government's intentions to revise Budget 2010. They said that the government is on its way to officially abandon reason in its fiscal policy and the cha ...

10 May 2010 09:43 Boyko Borissov: Brussels will not be anrgy about the deficit. What about us?

What is the budget? First of all it is a law. Secondly, this is the law regulating revenues and spending, the way taxpayer's money is being managed by the government, sealed and approved by the National Assembly. To put it simply - the budget is a commitment and a responsibility. If you have mad ...

6 May 2010 18:29 The budget has already been reviewed by taxpayers

The government has to finally take its political responsibility and decide what part of the spending it should reduce in order to avoid a debt crisis, commented for euinside the economic analyst and managing associate in Industry Watch Gheorghi Stoev, regarding the announcement of the prime mini ...

4 May 2010 12:45 The government is reviewing the budget tomorrow

At its tomorrow meeting the government will decide on reviewing Budget 2010. This is what came out from a statement of the prime minister on the EBF television on Monday morning. Responding to a question about the new anti crisis measures, Mr Borissov said: "On Wednesday, after the Council of Mi ...

 
free talk corner
Adelina Marini
The European Commission is about to present the much awaited #energyunion. The proposal will be presented by Vice President Maros Sefcovic, who is responsible for the energy union, and energy Commissioner Miguel Arias Canete. You can watch the presentation live in all EU languages here or stay tuned for live updates euinsi.de/nMeF
25 February 2015 11:56
Adelina Marini #energyunion #Sefcovic: The most vulnerable countries, like #Bulgaria, will have to build interconnectors to ensure supplies from three different sources
25 February 2015 13:02
Adelina Marini
Before the appearance of @J_Dijsselbloem in the economic committee of the EP, the MEPs will hear Jonathan Hill, the financial services commissioner, on the capital markets green paper
24 February 2015 09:10
Adelina Marini The #Eurogroup has approved the reforms list of #Greece, confirmed on Twitter #Slovakia FinMin Peter Kazimir. "Greeks have lots of heavy-lifting to do until end-April. We all want to see numbers now", he added
24 February 2015 15:02
Adelina Marini
The European Commission has confirmed that the #Greece reforms list has arrived in Brussels in time. According to sources, the initial assessment of the Commission is that the list is "sufficiently comprehensive". In an hour, the Eurogroup chief will appear in the economic committee of the European Parliament where the main focus on Greece. He is also expected to make a preliminary assessment of the reforms list
24 February 2015 08:49
Adelina Marini The hearing of Jeroen #Dijsselbloem finished with applause by the MEPs
24 February 2015 11:35
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