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
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
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 European Commission (EC) has transferred the third payment under Bulgaria’s National Recovery and Resilience Plan (NRRP)
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
Higher growth in Bulgaria's gross domestic product (GDP), a slowdown in inflation, but also a budget deficit that will exceed the eurozone's 3% limit
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
Tax increases in Bulgaria are inevitable, according to Simeon Djankov, chairman of the Fiscal Council
