Bulgaria will not be able to avoid the excessive deficit procedure that the European Commission is preparing to launch, Deputy Prime Minister and Finance Minister Galab Donev told lawmakers during parliamentary oversight in the National Assembly. According to Donev, it has become clear that Brussels will move forward with the procedure because of Bulgaria’s net spending levels in 2025.

By the end of May 2026, Bulgaria’s budget balance under the consolidated fiscal program is projected to show a deficit of around 2.5 billion euros, equivalent to roughly 2 percent…

Deputy Prime Minister and Finance Minister Galab Donev has warned that Bulgaria’s public finances are facing a significantly worse-than-expected position, citing a projected…