Terziev presented Sofia's record budget while maintaining taxes

Sofia's budget for 2026 will be €1.81 billion (BGN 3.4 billion), which is 23% more than this year. The expected funds from the state for delegated activities are €727 million, own revenues €590 million, loans €407 million, and other sources €107 million. This was announced by Mayor Vassil Terziev, who, together with his team, presented the parameters of the municipal budget for next year.

Taxes and fees for Sofia residents will not increase, assured Deputy Mayor for Finance Georgi Klisurski.

Everything will remain unchanged for citizens. We will try to generate more revenue through better collection, control, and expansion of the base from which we collect, but without burdening citizens too much," he said, quoted by BNR.

The priorities for the mayor of Sofia will be everything related to education—building kindergartens and providing care for every child. This means completing the new kindergarten buildings, designing new ones, and starting construction.

Next for Terziev will be transportation.

Replacing rolling stock, expanding the metro, investing in railways, new boulevards and streets."

The third major topic is investment in neighborhoods. This year, there will again be participatory budgets, with increased funding for projects proposed by Sofia residents. More funds will also be provided to district administrations.

Translated with DeepL.