Bulgaria Withdraws 2025 Budget Proposal as Government Prepares for Tough Fiscal Decisions
Finance Minister Temenuzhka Petkova has revealed that Bulgaria's deficit for the first quarter of 2025 is projected to reach 3.684 billion leva
Bulgarian pensioners could get bonuses for Christmas if the state budget performance for November is positive, stated Bulgarian Minister of Finance Simeon Djankov.
"We are not populists and we won't be making any blind promises, so we have to see the budget performance for November," said Djankov.
The Bulgarian Minister of Finance added that cabinet, led by PM Boyko Borisov, continues to substribe for balanced spending.
"We are not spendings the way cabinets before us did, because we hope to serve another term in office after elections in 2013," explained Djankov.
"We finished September with a budget surplus for the first time since 2008. October was also good, so let's wait and see November," added he.
Djankov however stated that Christmas bonuses for civil servants and others employed on budget salaries are out of the question.
The request for a convergence report to join the eurozone will be made after February 18, once the draft State Budget is submitted
Bulgaria will request a convergence report from the European Commission regarding its readiness to join the Eurozone once the country fulfills the price stability criterion
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria's entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support
The President of the European Parliament, Roberta Metsola, highlighted Bulgaria's progress toward adopting the euro as its primary currency, describing it as "one step away"
At the Sofia Economic Forum V, experts expressed strong support for Bulgaria's potential membership in the eurozone, predicting significant positive impacts on investor confidence
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