Government spending

Treasury posts cash balance deficit in February

According to data released by the Treasury and Finance Ministry, the treasury cash balance posted a deficit of 198 billion Turkish Liras ($6.2 billion) in February.

Cash revenues rose from 208 billion liras in February 2023 to 563 billion liras last month, while expenditures leaped 100 percent to 761 billion liras.

Fiscal reforms agreed by EU governments

European Union finance ministers agreed on Wednesday on changes to the EU's fiscal rules updating them to the post-pandemic realities of high public debt and the need for massive public investment to fight climate change.

The pact is complex but is built on two crucial principles: an upper limit for a country's national budget deficit, and an upper limit for its total public debt.

Parliament to vote on 2024 state budget

In a culmination of a five-day debate on the 2024 state budget, the Greek Parliament concludes proceedings on Sunday with speeches from the Prime Minister and leaders of parliamentary groups. 

Following this, an electronic roll-call vote is slated for the budget, assuming the significance of a vote of confidence in the government.

Bulgaria's Health and Welfare Spending Trails Behind EU Average in 2022

Recent findings from Eurostat, the European statistics agency, have unveiled disparities in social protection and healthcare spending among EU member states. In 2022, the average expenditure across the EU nations, measured as a percentage of GDP, was recorded at 8.1%. However, this marked a decline of 0.4 percentage points from the previous year's figures.

Serbian parliament passes 2024 budget bill

BELGRADE - The Serbian parliament passed the 2024 budget bill on Thursday.

Under the bill, budget revenues will total 2,040.9 bln dinars and expenditures will amount to 2,238 bln dinars.

One hundred and forty-five of 189 MPs in attendance voted in favour of the bill and 31 voted against, there were no abstentions and 13 MPs did not take part in the vote.

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