The municipal investment program, on which local authorities rely to build streets, install street lighting, develop water and sewer infrastructure
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 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
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
