Bulgaria ended 2025 with a budget deficit of 3.1% of GDP. This can be considered good news, given that economists had been warning all year that the revenues projected
The Ministry of Finance is starting the year as it spent half of the previous one – by issuing 300 million loans (in levs). On Tuesday, the Bulgarian National Bank (BNB)
Bulgaria ends November with an economy that generates significant tax revenues, but also with a budget that’s under strong pressure from social commitments and investment needs
The Council of Ministers approved a Strategy for the Organization of Primary Offerings of Government Securities (GS) to Individual Investors
Finance Minister Temenuzhka Petkova is making a very modest attempt to optimize state administration against the backdrop of huge criticism of the work of civil servants
Late on Friday evening, the Ministry of Finance published the new version of the Draft State Budget for 2026 and the updated Medium-Term Budget Forecast
The Ministry of Finance (MF) has managed to find the missing €1.5 billion for Bulgaria's new state budget for 2026, which it plans to submit for consideration
The National Assembly (NA) adopted Bulgaria's state budget for 2026 at first reading. The debate among MPs was dominated by criticism and disputes over the proposed parameters
After banks helped the Ministry of Finance (MF) fill the budget gap this year, the ministry has chosen another sector to help patch up the deficit in 2026
The Ministry of Finance has published the draft budget for 2026, which shows that a 3% budget deficit is again being targeted
At this stage, we have not seen a more detailed draft, but our understanding is that the Bulgarian authorities are aiming for a budget deficit below or within 3% next year
The budget deficit grew at an increasingly rapid pace, reaching BGN 4.3 billion at the end of July. This is equal to 2% of the expected size of the economy in 2025
The Zhelyazkov cabinet is preparing for a new domestic loan of BGN 300 million. According to a statement on the Bulgarian National Bank (BNB) website
For the time being, small and medium-sized Bulgarian companies trading in other EU countries will not be able to benefit from the VAT relief
Commercial banks have come to the aid of Finance Minister Temenuzhka Petkova in her attempt to “patch up” the growing budget deficit
