Ministry of Finance

BELGRADE - Between January and February this year, Serbia saw a 5.3 bln dinar budget surplus, which is 52 bln dinars better than a planned 46.7 bln deficit.

According to figures released by the Ministry of Finance, a 24.9 bln dinar deficit was registered in February alone.

In February 2024, revenues totalled 158.6 bln dinars, while expenditures amounted to 183.5 bln dinars.

BELGRADE - Serbia's public debt rose by 26.3 bln dinars to 4,268.1 bln dinars (36.4 bln euros) in February, accounting for 47.8 pct of GDP.

According to figures released by the Public Debt Administration of the Serbian Ministry of Finance, foreign currencies accounted for 77.7 pct of the total public debt at end-February.

Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.

The Ministry of Finance in Bulgaria has revised its inflation predictions for the year 2024, slashing them by half compared to previous estimates. According to the department's spring macroeconomic forecast, the average annual inflation rate is anticipated to drop to 2.4%, with further deceleration to 2.3% by year-end.

After many decades of endless queues, frustration and bickering, the end of the tax office - at least as we know it - has come.

The main idea of the overhaul is to limit face-to-face transactions between tax officers and taxpayers unless necessary, with most procedures being conducted online.

As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency.

The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million. This disclosure accompanies the draft Law on the introduction of the euro, which was published by the Ministry on Tuesday.

As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal. Renowned economists, including Petar Ganev and Preslav Raykov, have weighed in on the matter, emphasizing the stability and positive prospects associated with the currency transition.

The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency.

The Ministry of Finance has made public the draft Law concerning the implementation of the euro in the Republic of Bulgaria, inviting public discourse. The objective of this initiative is to facilitate the seamless integration of the euro into Bulgaria and enhance transparency and understanding regarding the adoption process of the unified European currency within the nation.