Former caretaker Finance Minister and current Deputy Mayor of Sofia Georgi Klisurski has argued that Bulgaria is not currently subject to an excessive deficit procedure and still has sufficient room to avoid one if the government takes the necessary fiscal measures. According to Klisurski, the officially validated deficit for 2024 stands at 3%, as confirmed by Eurostat, allowing Bulgaria to meet one of the key requirements for eurozone membership.

Former Finance Minister Asen Vassilev said Bulgaria’s current fiscal situation was predictable, arguing that warnings about breaching the deficit threshold were ignored during the…

At the opening of a Council of Ministers meeting, Prime Minister Rumen Radev announced that the European Commission is expected to initiate an excessive deficit procedure against…

The formal launch of the procedure is expected as part of the Commission's spring economic package on 3 June

Bulgaria’s deteriorating fiscal outlook has drawn the attention of the international financial press, with the Financial Times reporting that the country is expected to face an…

Petar Vitanov, MP from "Progressive Bulgaria" stated that Bulgaria has now officially entered an excessive deficit procedure, adding that this requires urgent fiscal adjustments…

Former caretaker Finance Minister and current Deputy Mayor of Sofia Georgi Klisurski has argued that Bulgaria is not currently subject to an excessive deficit procedure and still…