Prime Minister Rumen Radev said in Montenegro that the European Commission’s move toward an excessive deficit procedure represents a clear judgment on previous governments that aimed to maintain the 3% deficit target through what he described as “budget gymnastics.” Speaking to reporters during the EU-Western Balkans summit, he argued that fiscal discipline had often been achieved through indirect and delayed accounting practices.

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…

Bulgaria is facing a new round of fiscal scrutiny from Brussels after the European Commission concluded that the country is on course to breach the EU’s budget deficit rules and…

The government is warning of a record budget deficit and signaling possible fiscal tightening measures, as officials and experts debate the scale of Bulgaria’s public finance…

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…

Prime Minister Rumen Radev said in Montenegro that the European Commission’s move toward an excessive deficit procedure represents a clear judgment on previous governments that…

Deputy Prime Minister and Finance Minister Galab Donev rejected claims that Bulgaria had manipulated data in order to qualify for eurozone membership, telling lawmakers during a…