Fiscal Council recommends more conservative new budget for 2026

The revised 2026 budget proposes to reduce revenues and expenditures by the same amount as the deficit remains the same. This was stated in an opinion by the country's independent Fiscal Council.

"The new 2026 budget relies on very optimistic forecasts of high growth and more money from the EU, but there is a significant risk of overestimating revenues by 3.5-4.7 billion euros. If growth is weaker (which we consider more likely), GDP will be lower. Then even if spending is reduced by the same amount as revenues, the deficit percentage will be over 3%. This will violate the rules for the eurozone and will cost us more," the opinion reads.

The Fiscal Council recommends that planning be more conservative when revising the budget and that it be balanced in line with joining the eurozone, BGNES reports.

Editor: Ivo Ivanov

Photo: BTA, library