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
The European Commission (EC) will issue a new assessment under the excessive deficit procedure against Bulgaria in November
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
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
Finance ministers from the European Union (EU) approved a decision to launch an excessive deficit procedure (EDP) against Bulgaria
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
With some reservations and criticism directed at the ruling majority, the National Assembly decided that Bulgaria would take on an additional €3.8 billion in debt this year
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 budget deficit as of April now stands at €1.75 billion, according to preliminary data from the Ministry of Finance. In just one month
Bulgaria is the country with the highest inflation in the eurozone for the past month and with a deficit exceeding the permitted 3% – exactly what I warned about
For April, the budget deficit has been reduced to zero, so no funds from the Fiscal Reserve will be used to cover it. This was announced by acting Finance Minister Georgi Klissurski
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
Bulgaria ended 2025 with a deficit well outside the European rules on fiscal discipline, which require it to be no more than 3% of gross domestic product (GDP)
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
