site.btaGERB-UDF Floor Leader Says He Will Not Allow Shift in People's Incomes to Be Tied to Euro Adoption

GERB-UDF Floor Leader Boyko Borissov said on Thursday that this year’s State Budget is a coalition budget and he will not allow the increase or decrease of people’s incomes to be tied to the euro adoption. “I have assessed that risk and I will not allow it,” Borissov told journalists in the corridors of Parliament.

He announced that a meeting with employers’ organisations on the matter will take place.

The meeting of the National Council for Tripartite Cooperation (NCTC) of the Cabinet, employers and unions was cancelled on Wednesday after the employers refused to attend it because they did not approve of the 2026 State Budget Bill. 

Borissov said that the State has “subsidised business with BGN 1.1 billion since June” to make electricity cheaper, which in his view is helping generate profits.

“In the current budget, mothers receive more, medical staff and doctors receive more, teachers, military personnel, police officers and security services receive more. Entire sectors receive more money in their pay slips, so that they can understand that it is not the euro that is causing prices to rise,” Borissov commented.