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Finance Ministry: If there is No New Budget by June 10 – Bulgaria could only Spend as much as it Collects

If after June 10 there is no adopted budget for the year or a new extension of last year’s budget, the state will only be able to spend as much as it collects. This becomes clear in the response of the Bulgarian Ministry of Finance after a question from the┬áNational Radio whether, in the worst case scenario, there will be funds for pensions and salaries in the public sector. The action of the so-called extension law on the budget ends precisely on June 10. …

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