site.btaVazrazhdane: 2026 Draft Budget Buries Country in Debt, Destroys Small and Medium-Sized Businesses

Vazrazhdane: 2026 Draft Budget Buries Country in Debt, Destroys Small and Medium-Sized Businesses
Vazrazhdane: 2026 Draft Budget Buries Country in Debt, Destroys Small and Medium-Sized Businesses
Vazrazhdane MP Tsoncho Ganev addresses the media, November 4, 2025 (BTA Photo/Vladimir Shokov)

National Assembly Deputy Chair and Vazrazhdane MP Tsoncho Ganev described the 2026 State Budget Bill as "a big budget of lies that buries us in loans and destroys small and medium-sized businesses". Speaking to journalists in Sofia, he said that his party would vote firmly against next year’s budget draft.

On Monday, the Finance Ministry published the 2026 Draft State Budget and the updated medium-term budget forecast for the period 2026–2028. According to the proposal, the budget balance under the Consolidated Fiscal Programme is set at 3% of GDP for 2026, with the same level maintained for 2027 and 2028.

The maximum amount of new government debt that may be incurred in 2026 under the State Debt Act is EUR 10.4 billion, including a loan of up to EUR 3.261 billion for financial support under the SAFE instrument.

/RY/MR/

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By 00:26 on 07.11.2025 Today`s news

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