The 2027 state budget will hit Bulgarian families hard, bringing billions in new debt and leaving people with less money to live on, Vazrazhdane said in a statement to the media on Sunday. The government is accumulating EUR 8.6 billion in new debt while parents struggle to afford food, utility bills and expenses for their children, the party added.
The Finance Ministry published the draft 2027 State Budget Act on Friday, after Prime Minister Rumen Radev and Deputy Prime Minister and Finance Minister Galab Donev presented the main parameters of next year’s fiscal framework earlier that day at the University of National and World Economy. New government borrowing is projected to amount to EUR 8.6 billion in 2027, bringing total government debt to 31.4% of GDP. It is expected to amount to EUR 8.5 billion in 2028 and EUR 7.9 billion in 2029.
“Behind every figure in the budget are real families struggling every month to cover their most basic expenses. Inflation reached 5.7% in September, while cumulative price increases over the past five years have amounted to 42.4%. What is the government’s response? Nearly EUR 56 billion in spending, a EUR 4.9 billion deficit and EUR 8.6 billion in new government debt,” Vazrazhdane said.
According to the party, instead of bringing the crisis under control, those in power are continuing to pile up state debt and pass the bill on to future generations. The minimum monthly wage is projected to reach just EUR 660, an increase of EUR 40, while the maximum contributory income threshold is set to rise to EUR 2,400. Wages in the public sector will increase by 5%, while pensions are due to rise by 7.8% from July. The government also plans to cut administrative staffing costs by 10%, including the elimination of more than 5,000 positions. “Is this the promised financial stability – greater uncertainty for workers and incomes struggling to keep pace with rising prices?” the party asked.
The draft budget envisages a 7% tax on food vouchers, which provide important additional support for employees. The monthly maternity benefit for the second year of childcare is expected to rise to EUR 450, an amount that would barely cover the actual costs of raising a young child, the party added.
Vazrazhdane called for concrete measures to protect Bulgarian families’ purchasing power, including a reduction in value-added tax on fuel, arguing that higher fuel prices feed through into the cost of food, transport and all essential goods.
“The prime minister himself admits that the goal is not to bring prices down, but to slow their increase. In other words, those in power expect people simply to accept that food, heating and everyday living will continue to become more expensive. A one-off payment of EUR 50 cannot solve the problems of a family that has to pay bills, buy food and provide everything its children need every month,” Vazrazhdane said.
Radev came to power promising to tackle the cost-of-living crisis and refrain from raising taxes. Today, however, families are not seeing the relief they were promised. Instead, they are facing new debt, a higher social security burden and incomes struggling to keep up with rising prices, the party said.

Vazrazhdane: 2027 Budget Hits Bulgarian Families with Billions in New Debt, Less Money to Live On THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-11-08 02:47:00

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