Balgarianovinite.com Bulgarian Prime Minister Rumen Radev said Monday that Bulgarian taxpayers would bear the cost of what he described as the excesses of the country’s oligarchic interests and previous administration, as his government prepares a stricter fiscal policy and reviews public-sector spending. Speaking to journalists before departing for a visit to Berlin, Radev criticized the former government for leaving behind “many unpaid bills” and for approving large advance payments on projects where no work had been carried out.
“All Bulgarians will pay for the excesses of the oligarchy and the previous administration,” the Prime Minister said.
He said his Progressive Bulgaria party would remain committed to its stated principles by eliminating mechanisms that automatically increase salaries for elected officials. He added that the government would also review compensation in state-owned companies and public boards.
Details about the government’s fiscal plans were made public earlier in the day by Deputy Prime Minister and Finance Minister Galab Donev.
“In times of restraint, politicians must be the first to set an example,” he said.
During his visit to Berlin, Radev is scheduled to meet German Chancellor Friedrich Merz. The Bulgarian prime minister expressed confidence that the talks would strengthen cooperation between Bulgaria and Germany.
Radev also welcomed a recent decision by international credit rating agencies to improve the outlook for Bulgaria’s sovereign credit rating, calling it the first recognition of the new government’s policies.
According to the Prime Minister, the improved outlook reflects Bulgaria’s return to political stability and international confidence in the government’s plans for a “conservative and responsible” budget aimed at safeguarding economic growth. Ahead of Berlin Visit, Bulgarian PM Vows Spending Restraint 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-05-18 12:42:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law