Prime Minister Rumen Radev
Prime Minister Rumen Radev said the government expects to present its regular state budget by the end of June, while acknowledging that the fiscal situation remains highly strained.
He noted that reaching a deficit below 3% would not be possible without additional borrowing. “This cannot be done without a loan,” he told journalists, pointing to what he described as substantial debt accumulated in previous years.
Radev argued that earlier administrations had already used up available fiscal “tools,” including one-off revenue measures and financial adjustments across state structures. According to him, options such as extracting dividends through state company decapitalization are no longer viable, as many enterprises are already under financial pressure and in some cases forced to borrow for investment needs.
He also stressed that short-term revenue-boosting measures, such as taxation of the banking sector, had already been applied and cannot be repeated. In his words, long-standing practices of shifting payments between fiscal periods have reached their limit and now exceed the actual capacity of the budget.
