WCC-DB to introduce key laws for Recovery Plan
WCC-DB will introduce all the necessary laws for the second tranche of the Recovery and Resilience Plan next week, announced Assen Vassilev in parliament earlier today.
The co-chair of the alliance added that the budget implementation is proceeding as planned, with the only risk being related to receiving the second tranche. For this, it is necessary to adopt procedural rules for the selection of members of the Anti-Corruption Commission, a personal bankruptcy law, a roadmap for climate neutrality, a whistleblower protection law, and the new judicial law.
"These laws have been in parliament since October last year, but parliament has not acted on them," concluded Vassilev.
Bulgaria has utilized 4.6% of EU funds for 2021-2027
Only 4.6% of the funds allocated to Bulgaria by the EU for 2021-2027 have been utilized, revealed interim Finance Minister Lyudmila Petkova during a parliamentary hearing.
As of the end of March, the best-performing programs are Food and Basic Material Assistance - having spent 34% of the funds allocated to it - and Competitiveness at 13.8%. The weakest are the transport program at 0.8% and the science program at 1.2%.
Out of the total 12.9 billion euro available, just 616 million euro have been disbursed.
Minister Petkova noted that the utilization rate of EU program funds for 2014-2020 is 95.9%, with 8.9 billion euro disbursed. Last week, the European Commission urged Sofia to accelerate the spending of EU funds to achieve its economic and social goals.
Fifth of Bulgarian 15-year-olds have zero financial literacy
Just over 18% of Bulgarian 15-year-old students have not achieved the basic first level of financial literacy, according to the PISA study by the Organisation for Economic Co-operation and Development (OECD) in its section on financial literacy among students. Bulgaria scored 426 points, compared to the OECD average of 498 points.
Twenty countries participated in the financial literacy study. The best performers are Belgium (527 points), Denmark (521), and Canada (519). Bulgaria ranks among the bottom six countries, just ahead of Peru (421 points), followed by Costa Rica (418), Brazil (416), and Saudi Arabia (412). Malaysia ranked bottom with 406 points.
The results of the study come on the heels of yesterday's announcement of low scores in the mathematics exam after 10th grade. These scores revealed that only a quarter of tenth graders manage to handle tasks related to demonstrating financial literacy.
WCC-DB to introduce key laws for Recovery Plan
