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Parliament Adopts Conclusively 2014 Budget Update

Parliament updated the 2014 National Budget Act on second reading on Wednesday. Acting on Parliament's resolution, the Council of Ministers may take steps towards assuming external government debt, including through the issue of government securities on the international markets, as well as towards a medium-term programme for issuing debt on the international capital markets on condition of subsequent ratification in 2015. The Council of Ministers may issue loans of up to 2,000 million leva to the Deposit Insurance Fund (DIF) from the central government budget, with DIF assets as collateral, including the Fund's future receivables from banks in the form of annual premium fees.

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Headlines 27 November 2014

News + 27 November 2014