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Caretaker Minister of Finance Georgi Klisurski
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
If ratified by the National Assembly, the amendments will extend the law’s validity not until March 31, as previously scheduled, but until the adoption of the full state budget for 2026. The measure aims to ensure continuity in state operations and avoid disruption in public administration.
Minister Klisurski also confirmed that, following the Prime Minister’s directive, a detailed review of all public procurement activities across ministries will commence. This will include an assessment of completed contracts, upcoming payments, and advance disbursements already executed.
“All relevant data has been gathered, and a comprehensive analysis is underway. The objective is to safeguard the public interest, maintain competitive fairness, and ensure that every euro of taxpayers’ money is used appropriately,” Klisurski said.
He highlighted one major case: a public procurement contract valued at 500 million euros for the supply and maintenance of new guardrails on Bulgaria’s republican road network, handled by the Road Infrastructure Agency. The Ministry of Regional Development and Public Works has initiated an audit, citing concerns about possible irregularities in the selection process of contractors and potential pricing above the initially estimated contract values.
The Ministry pledged to release additional findings as the review progresses, maintaining transparency for the public and oversight of state expenditures.
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
Finance officials and the Bulgarian National Bank have issued a series of warnings about Bulgaria’s fiscal and economic outlook for 2026, highlighting rising pressure on public finances, slower growth, and higher inflation.
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