Balgarianovinite.com Stefan Belchev, Chair of the National Assembly’s Committee on Economic Policy, Investment and Industry and a lawmaker from Progressive Bulgaria, told Bulgarian National Radio on Sunday that more substantive debates on Bulgaria’s tax and social security system would take place during discussions on the 2027 state budget. He argued that the country’s tax system remains one of the most competitive, attractive and predictable in Europe.
“The really serious debates about the direction of economic policy cannot, surely, take place in July or August of the current year. I strongly believe and hope that, through joint efforts, we will all see the results in the 2027 budget,” Belchev said.
He added that the 2026 state budget adopted by parliament on Friday was essentially an inherited budget intended to carry the country through the remainder of the year. He voiced hope that within the next month or month and a half, serious discussions would begin on substantial changes that, he said, he hoped would already become visible at the beginning of 2027.
Asked about the EUR 1.7 billion set aside in the budget and opposition concerns over transparency in how the funds would be spent, Belchev said the government had made it clear that “this kind of spending in the dark will now come to an end”. He added that, apart from certain necessary budgetary buffers, every euro of the roughly EUR 1.5 billion in question had been allocated to a specific budget line. He therefore disagreed with claims that the money would be spent without transparency before December.
Asked why major investors were leaving the country, Belchev said that large foreign investors were not leaving Bulgaria because of the level of taxation or a projected budget deficit. Instead, he pointed to other factors, including what he described as a chronic deficit of justice, institutional pressure and extortion inherited from the past, as well as a severe shortage of qualified workers.
According to Belchev, the adoption of the country’s first budget denominated in euros sends a clear and strong signal to international markets that Bulgaria is finally moving beyond a period of political uncertainty and will become integrated into Europe’s economic core. Major Tax, Social Security Debates Expected During 2027 Budget Talks, Says Parliamentary Economic Policy Committee Chair 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-07-26 09:07:00 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