Bulgaria’s finance minister defends 2027 budget as responsible

Bulgaria’s proposed 2027 budget aims to rein in spending without curbing economic growth, Deputy Prime Minister and Finance Minister Galab Donev said at a meeting of the National Council for Tripartite Cooperation, BNR reporter Marta Mladenova reported.

“Budget 2027 is a budget of responsibility. The measures we propose reflect the realistic scope for fiscal consolidation in 2027 and subsequent years, as well as the objectives and priorities of sectoral policies,” Donev said.

• Opposition parties voice sharp criticism of Bulgaria's 2027 draft budget
• 2027 Budget: 3.5% deficit, €8.6 billion in new debt and 5% pay rise

Business representatives backed the proposal with reservations, saying the deficit could be reduced faster than planned.

The Podkrepa trade union opposed the draft, arguing that it would not help tackle inequality or reduce the number of people in work living in poverty.

Editor: Miglena Ivanova