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.

Bulgaria’s Finance Ministry has formally launched the budget procedure for 2026, with Deputy Prime Minister and Finance Minister Galab Donev outlining a broad package of austerity…

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…