On March 1, 1879, the Russian Prince Alexander Dondukov-Korsakov approved the first budget of Bulgaria which was liberated in 1878. Prince Dondoukov-Korsakov approved the ''Account of Expenditures for Production Purposes from Bulgarian Revenues over the period from 1 March 1879 to 1 March 1880'', the Ministry of Finance recalls.
The first budget document of the Principality of Bulgaria covered only the spending part denominated in French Francs.