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
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
There is nothing unusual about the country entering a new year without an approved budget – the law explicitly allows for such a situation
Minister of Labor and Social Policy Borislav Gutsanov promised reform of the pension system next year. The Roadmap for improving the pension model
The cost of major infrastructure projects – motorways, railways, and water supply and sewerage networks – is likely to rise further
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
The Ministry of Finance (MF) is preparing to take out another BGN 300 million loan. The auction, scheduled for November 17 (Monday), will be the 13th on the domestic market
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 announced increase in the dividend tax from 5% to 10% in 2026 will not only fail to reduce the share of the shadow economy in Bulgaria
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
