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Bulgarians stop "working for the government" for this year on Wednesday, May 1.
The Day of Freedom from Government, or Tax Freedom Day, as it is popular around the world, is the day by which the nation has theoretically earned enough income to fund its annual tax burden.
In Bulgaria, this day traditionally falls in May, and its earlier arrival over the last four-five years is attributed to the economic crisis and the wider budget gap.
The symbolic calculations further show that from May 1 until May 5, Bulgarian tax payers will continue to work for the State, to cover the budget deficit for 2013 and these 5 days will end up being for the benefit of the treasury, sooner or later.
In 2013, Bulgarians will earn about BGN 223 M a day on average, meaning they need 120 days in order to produce nearly BGN 27 B in revenues slated for the budget.
Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses.
The leader of the Movement for Rights and Freedoms (DPS) Delyan Peevski, sharply criticized Bulgaria’s caretaker government, calling its actions “a shame for the country.”
As Bulgaria approaches the parliamentary elections on April 19, the prospect of forming a stable government is looking increasingly complex.
Bulgaria’s caretaker government is preparing financial assistance for low-income citizens as fuel prices continue to rise following the outbreak of war in the Middle East.
A new national survey by Gallup International Balkan suggests that if elections in Bulgaria were held today, voter turnout would reach around 51%, while no political force would secure enough support to form a single-party government
Following the swearing-in of the caretaker cabinet, Prime Minister Andrey Gyurov addressed the National Assembly, emphasizing a government guided by reason rather than hysteria
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
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