Given current trends in Bulgaria, the country’s pension system may soon begin to be financed primarily from the budget rather than from social security contributions
The current model of the Bulgarian pension system encourages income concealment and the non-payment of required social security contributions
The trend of steadily rising expenditures in the State Social Security (SSS) budget exacerbates the risk to the fiscal sustainability of the entire social security system
Bulgaria must significantly raise the cash payment threshold, aligning it with the future EU-wide limit of €10,000 (approximately BGN 20,000)
The Fiscal Council has issued harsh criticism regarding the implementation of the 2 025 state budget. In its position the advisory body – chaired by Simeon Djankov
One opportunity for the development of the second and third pensions we receive from pension insurance companies is the introduction of a multi-fund system in Bulgaria
There is nothing unusual about the country entering a new year without an approved budget – the law explicitly allows for such a situation
Tax increases in Bulgaria are inevitable, according to Simeon Djankov, chairman of the Fiscal Council
Bulgaria's credit rating may be upgraded in July, when the final decision on the country's accession to the eurozone is expected
Assen Vassilev's draft budget for next year is full of risks of non-implementation. This is the opinion of the Bulgarian Fiscal Council, an independent advisory body on fiscal management
