Konstantin Prodanov, chairman of the temporary Budget Committee in Bulgaria’s 52nd National Assembly and MP from “Progressive Bulgaria”
Konstantin Prodanov, chairman of the temporary Budget Committee in Bulgaria’s 52nd National Assembly and MP from “Progressive Bulgaria,” said the government of Prime Minister Rumen Radev is determined to bring the budget deficit within the 3% limit, warning that difficult financial decisions are unavoidable.
Speaking to BNT, Prodanov described the measures announced by Deputy Prime Minister and Finance Minister Galab Donev as only an initial step toward stabilizing public finances. “These measures are only the beginning, not the end,” he said, adding that the main objective was not whether the measures were popular, but whether they could restore fiscal control. According to him, the government is preparing additional optimization policies and a more effective state budget framework.
Prodanov confirmed that all ministries have already received instructions to reduce expenditures by 10% starting September 1, while maintaining existing salary levels. The reductions, he explained, would come through downsizing and administrative restructuring rather than direct wage cuts. “We are not talking about reducing salaries,” he stressed, noting that layoffs would target staffing optimization rather than freezing compensation.
