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At the end of the third quarter, Bulgaria’s treasury faced a deficit exceeding 2.8 billion leva, according to data on the implementation of the fiscal program, as approved by the cabinet. The Ministry of Finance predicts that this shortfall will rise to 4 billion leva by October, with an expected deficit for the year of 6.2 billion leva.
As of September, the fiscal reserve stood at 14.8 billion leva. The deficit is the result of a cash-based calculation, with total revenues amounting to over 52 billion leva and expenditures reaching 54.8 billion leva. This means that slightly more than 69 percent of the forecasted revenue was collected, while around 67 percent of planned expenses were spent during the first nine months.
The treasury traditionally sees higher expenditures at the close of the year. The increase in the deficit has been attributed to rising social payments, including pensions, salaries in the public sector, and compensation for teaching staff, according to government reports.
Although official estimates for the 2025 budget have not been released, there is talk of a significant widening of the deficit, along with measures aimed at controlling it. Deputy Prime Minister Lyudmila Petkova reassured that next year’s budget plan will aim for a deficit of up to 3 percent of GDP, in line with the Maastricht criteria.
Discussion around the admission of third-country workers to the Bulgarian labor market has intensified, often with emotions running high.
Bulgarians are reminded that annual tax returns must be filed by the end of April, with any additional tax due to be paid in euros
A significant share of Bulgaria’s energy supplies does not pass through the Strait of Hormuz but instead reaches the country via the Black Sea, placing it in a comparatively stable position despite tensions in the Middle East
On Tuesday, much of Bulgaria will remain under considerable cloud cover.
The Bulgarian Food Safety Agency has detected bacterial contamination and mold in several sandwiches distributed in schools during a series of inspections
Producers of basic food products in Bulgaria are warning that the continuing rise in fuel prices could soon be reflected in the cost of goods on the market.
The withdrawal of the Bulgarian lev from circulation is nearing completion, according to the latest data from the Bulgarian National Bank. The central bank reports that approximately 89 percent of lev banknotes and coins have already been collected and re
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
