We expect to see a clearer link to economic development in the 2027 budget. This was stated by Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB)
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 European Commission (EC) will launch an excessive deficit procedure against Bulgaria within days, Prime Minister Rumen Radev announced earlier on Friday
The €1.4 billion returned to the state budget by the Bulgarian Development Bank (BDB) could be used for pensions, salaries, and investments
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)
Bulgaria’s foreign debt increased by over €7 billion during 2025. As of December 31, 2025 it amounted to €25.3 billion while on the same date in 2024 it was €18.1 billion
This week Prime Minister Andrey Gyurov’s caretaker government submitted its version of a draft law to extend the 2 025 state budget to the National Assembly
835 000 working Bulgarians who receive part of their salary in the form of food vouchers may be left without them
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
