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
Tax credits for children will be frozen in 2026 and work experience will now be calculated based on actual hours worked. The National Assembly decided
The Ministry of Finance (MF) will not prepare a medium-term budget forecast for the period 2027 – 2029 when presenting the 2027 draft budget
The National Assembly adopted the controversial provisions in the 2026 state budget, which grant the Minister of Regional Development and Public Works
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
The new method for calculating work experience—based on actual hours worked – will take effect on January 1, 2027, rather than September 1 of this year
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
Given current trends in Bulgaria, the country’s pension system may soon begin to be financed primarily from the budget rather than from social security contributions
Finance ministers from the European Union (EU) approved a decision to launch an excessive deficit procedure (EDP) against Bulgaria
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
