“The proposed budget is extremely harmful for Bulgaria, and we will not support it,” Vazrazhdane leader Kostadin Kostadinov told journalists in the parliamentary corridors on Wednesday.
The Finance Ministry published the 2026 State Budget Bill on Monday along with an updated Medium-Term Budget Forecast for the period 2026–2028.
Kostadinov went on to remark: “The budget itself was conceived in sin.” He insisted that it should have been approved by the Council of Ministers by October 21. “It turns out it was submitted at the beginning of November, without public consultation and without any coordination procedure, as is the established practice,” Kostadinov added.
According to him, the draft budget is catastrophic because it envisages taking on at least another BGN 21 billion in debt. He warned that in the next two months the macroeconomic situation can deteriorate further and that, as a small part of the eurozone economy after January 1, Bulgaria will suffer more from such instability. Kostadinov claimed that the country is currently borrowing BGN 52 million a day, and this figure is expected to rise to BGN 60 million per day next year.
Kostadinov also pointed out that the poverty threshold in the European Union is EUR 1,500 (around BGN 3,000), and according to his party’s research, 87% of Bulgarians earn less than that amount monthly.
He criticized Parliament’s refusal to hear Fiscal Council Chair Simeon Dyankov regarding his recent interview, in which Dyankov made “alarming revelations” about the state of the financial system and government actions in recent months concerning Bulgaria’s entry into the eurozone. According to Kostadinov, Dyankov’s most troubling statement was that Bulgaria could enter an excessive deficit procedure in 2027. Vazrazhdane Leader Kostadinov Calls Proposed 2026 Budget “Catastrophic” THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-11-05 11:32:15 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