Send to Kindle
File photo, BGNES
The debt piled up by Bulgarian municipalities has peaked to BGN 200 M over the course of 2016, according to preliminary estimates.
The financial situation of many municipalities will push some to increase fees for certain services, Emil Savov, deputy CEO at an organization representing the 265 municipalities, has told the Bulgarian National Radio.
Local taxes, however, are expected to remain intact in most of the municipalities, Savov has made clear.
Prolonged debts are to a certain extent caused by even bigger amounts of prolonged receivables, he has added.
Bulgaria’s public debt has reached 62,771,629,088 leva, and if it were to be settled immediately, each of the country’s 2.8 million households would need to contribute approximately 21,904 leva (around €11,200)
Today’s nationwide protest focuses on the draft budget for 2026, which is moving to its second reading in parliamentary committees
Finance Minister Temenuzhka Petkova outlined the reasons behind the projected rise in Bulgaria’s debt for next year, which is set to reach 10.5 billion euros
Bulgaria’s first budget in euros has sparked strong criticism from economists and opposition politicians, who describe it as the worst financial plan in more than twenty-five years
Bulgaria unveils historic 51.4 billion euros budget amid concerns over rising debt and taxes
Bulgaria remains one of the European Union members with the lowest government debt relative to GDP, yet it also recorded one of the steepest increases in recent quarters
GERB leader Boyko Borissov reacted to the fall of the Zhelyazkov government during a live broadcast on his official Facebook page, following the mass protests across the country.
The government is making a second clumsy attempt to introduce the state budget.
People with disabilities in Bulgaria face the most severe difficulties in the entire European Union, alongside Greece
The current patient fee for a medical consultation has lost its purpose and no longer serves its intended functions, according to Bulgarian Medical Association (BMA) chairman Dr.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
