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Bulgaria's former Finance Minister has pointed out Bulgaria's budget surplus as a positive anti-crisis policy measure. Photo by BGNES
Bulgaria's is among EU's three least indebted nations, according to the former Bulgarian Finance Minister and current MP, Milen Velchev.
At a public lecture on the global financial crisis in the southeast city of Burgas Thursday, Velchev pointed out Bulgaria's public debt was only about 15% of its GDP.
Bulgaria's Finance Minister in 2001-2005 also stressed that the country was doing better than many other states in the present crisis thanks to its prudent fiscal policy of maintaining a budget surplus in the recent years.
At present, Velchev is an MP from the centrist National Movement for Stability and Progress, the party led by Bulgaria's former Tsar, Simeon Saxe-Coburg, and is the Deputy Chair of the Parliamentary Budget Committee.
Bulgarian recovery and sustainability plan is inadequate, but must be submitted to the EU in time, warned Simeon Djankov and Milen Velchev, former financial ministers.
Bulgaria ranks 47th in the world in terms of economic freedom, showed a ranking of the American Heritage Foundation.
Bulgaria's economic growth is expected to slow down to 2.3% in 2016 from 3.0% in 2015 reported last year, the International Monetary Fund (IMF) said on Friday..
Bulgarian Members of Parliament are to discuss at a first reading the draft budget for 2015 at an extraordinary plenary sitting on Monday.
Serbia has reached an agreement with the International Monetary Fund (IMF) on a 36-month USD 1.2 B precautionary standby arrangement.
Bulgaria will keep its restrictive currency board system until it adopts the euro, according to the governance programme of GERB-lead coalition.
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
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
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