Deputy Prime Minister and Finance Minister Galab Donev defended the government’s position on Bulgaria’s public finances, arguing that the country’s placement under the European Union’s excessive deficit procedure should not be viewed as an extraordinary or alarming development. Responding to a question about whether repeated warnings regarding the state of the budget could discourage foreign investors, Donev rejected suggestions that the government was sending contradictory signals.

Prime Minister Rumen Radev said Bulgaria’s 2026 budget deficit is expected to be “well over 3%,” arguing that the country’s main problem is not the size of the deficit itself but…

Finance Minister Galab Donev presented Bulgaria’s draft 2026 state budget, setting a deficit at 5.7% of GDP, or about 7.

Economist Preslav Raykov warned that inflation in Bulgaria could accelerate to around 8% in the coming months, while stressing that the country must quickly bring its budget…

The Bulgarian government presented its draft budget for 2026 on Wednesday, setting a deficit of 5.7% of GDP, the highest figure in three decades, and immediately drew fire from…

Deputy Prime Minister and Finance Minister Galab Donev defended the government’s position on Bulgaria’s public finances, arguing that the country’s placement under the European…

The Council of the European Union has formally confirmed the European Commission’s decision from early June to place Bulgaria under an excessive deficit procedure, urging the…

The draft 2026 state budget will be submitted to the Council of Ministers on July 1 and then forwarded to parliament the same day, Deputy Prime Minister and Finance Minister Galab…