Bulgaria’s budget deficit narrowed slightly in July, according to preliminary data from the Ministry of Finance (MF) on the implementation of the Consolidated Fiscal Program
Tax credits for children will be frozen in 2026 and work experience will now be calculated based on actual hours worked. The National Assembly decided
The National Assembly adopted the controversial provisions in the 2026 state budget, which grant the Minister of Regional Development and Public Works
The National Assembly approved a budget deficit of 5.7% for this year. This took place during the second reading of the state budget bill on Friday
The new method for calculating work experience—based on actual hours worked – will take effect on January 1, 2027, rather than September 1 of this year
Bulgaria has the highest budget deficit in the European Union for the first quarter of 2026. This is shown by preliminary data from the European statistical office Eurostat
We expect to see a clearer link to economic development in the 2027 budget. This was stated by Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB)
The municipal investment program, on which local authorities rely to build streets, install street lighting, develop water and sewer infrastructure
The European Commission (EC) will launch an excessive deficit procedure against Bulgaria within days, Prime Minister Rumen Radev announced earlier on Friday
The European Commission (EC) is initiating an excessive deficit procedure against Bulgaria. Our country ended 2025 with a budget deficit that Brussels deems unacceptable
The Ministry of Finance (MF) has officially exhausted the legal capacity to issue new government debt for the current year under the terms of the current provisional budget
Bulgaria is not automatically at risk of an excessive deficit procedure, but faces a real risk of entering a corrective procedure if it fails to adhere to the set expenditure trajectory
835 000 working Bulgarians who receive part of their salary in the form of food vouchers may be left without them
There is nothing unusual about the country entering a new year without an approved budget – the law explicitly allows for such a situation
Minister of Labor and Social Policy Borislav Gutsanov promised reform of the pension system next year. The Roadmap for improving the pension model
