Home Finance Ruling coalition demands audits of key public sectors covering 2020 to May 2026
Finance

Ruling coalition demands audits of key public sectors covering 2020 to May 2026

Share


The ruling Progressive Bulgaria coalition has submitted three draft parliamentary decisions requesting the National Audit Office to conduct audits of public finance management covering the period from 2020 to May 2026. According to Konstantin Prodanov, Chair of the Parliamentary Budget Committee, the aim is to obtain an independent assessment of the state of the country’s public finances.

The first audit is expected to examine how legislative changes introduced since 2020 have affected state revenues, expenditures and the budget deficit, as well as why the increase in public spending was not matched by higher revenues.

The second audit will focus on the State Social Security Fund.

The third audit will review the management of the National Road Infrastructure Agency. According to Progressive Bulgaria, preliminary data indicate that the agency has more than €1.5 billion in unpaid, uninvoiced and unaccounted-for certificates for completed works.

The audits are expected to be completed by 30 September. If any violations are identified, the findings will be forwarded to the competent authorities, BNR reporter Maria Fileva reports.

Edited by Miglena Ivanova



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

US Dollar: Hawkish Fed Pours Cold Water On Rate Cuts

The US dollar and Pound Sterling edged higher after both the Federal Reserve and Bank of England delivered hawkish holds, reinforcing expectations that...

Fidelity: Actually, Homes Are Getting Cheaper (as Long as You Price Them in Bitcoin)

Are you priced out of the housing market? No you’re not, you idiot. You just aren’t using the right kind of money. That’s...

Related Articles

Municipal Finance Proposals to Watch During the Final Months of the 119th Congress | Mintz – ML Strategies

Several legislative proposals affecting municipal bonds and infrastructure finance have been introduced...

Funders push for social impact beyond profits

Funders such as multilateral lenders, donors and bilateral partners are increasingly demanding...

Here’s the Investment Thesis for Celestica (CLS)

Deep Sail Capital Partners, an investment management company, released its second-quarter 2026...

Brandi AI CEO: AI Search Will Shift Marketing Investment and Make Public Relations Influence More Measurable by 2030

Leah Nurik urges marketing leaders to establish AI visibility baselines, connect communications...