Budget revenues rise even during the pandemic

Bulgaria’s budget gap widened in 2020 but the worst forecasts failed to materialize

Bulgaria’s (non-)recovery plan

Bulgaria stands to receive 12 billion levs (6.1 billion euro) in 2021-2026 from the Recovery Plan for Europe, and will be spending the funding as it always has - on weak, ineffective projects

Bulgaria's budget in crisis

Balanced fiscal policy takes a sharp turn towards rapid spending in the hope of election win next year

Bulgaria revamps budget as coronavirus bites

The government has revised the 2020 budget to cope with the fiscal fallout from the coronavirus crisis

The gambling war

The attack on gambling tycoon Vasil Bozhkov is yet another example of how politics and business in Bulgaria are intertwined

Bulgaria gliding on the waves of the economic cycle

The local economy continues to move in sync with European trends, while opportunities for reforms slowly dwindle

Is State Capitalism Marching On?

Within a brief period, Bulgaria’s government has aggressively injected billions of levs into key sectors, and has effectively started nationalizing businesses

Budget misspending

Reform of public spending in a changing global environment

A lavish budget in election year

Government finance is set for a deficit in 2019 even though next year will likely be the last in the current positive economic cycle

А higher tax burden and a steep rise in public expenditure

The government is not using the good economic climate to balance the budget

The big spending spree

Government expenditures are set to reach record heights in next year’s budget but distribution of the money is expected to be as inefficient a process as ever.

Fast Reads

Is Bulgaria entering a debt spiral?

Since 2008 Bulgarian governments have failed to restrain the growing fiscal deficit, which could be a long-term problem for the budget