Bulgarian citizens face a difficult winter as the ruling Progressive Bulgaria party is creating a storm of rising prices through the tax changes it is introducing, Democratic Bulgaria MP Martin Dimitrov said in the corridors of Parliament during Tuesday’s meeting of the parliamentary budget and finance committee.
“The government is creating a perfect storm of rising prices this winter. We are seeing higher energy prices, a huge budget deficit, and new, higher taxes all at the same time. Together, these factors will trigger a surge in prices that will hurt every Bulgarian household,” Dimitrov said.
According to him, the solution lies in accelerating economic growth and reducing the budget deficit. He stressed that Democratic Bulgaria has submitted two bills aimed at achieving these objectives, one of which has been partially adopted. He was referring to the introduction of accelerated tax depreciation for artificial intelligence technologies, high-performance computing equipment, and server infrastructure, approved today through amendments to the Corporate Income Tax Act.
The second bill submitted by Democratic Bulgaria, which is scheduled for consideration on Tuesday, proposes raising the VAT registration threshold to EUR 85,000. The governing majority, however, plans to set the threshold at EUR 60,000.
Dimitrov believes the government’s measures are insufficient and will result in a particularly difficult winter for Bulgarian citizens.
“Bulgarian citizens will begin to feel the impact on their wallets, first through slowing economic growth and, above all, because we are facing a very difficult winter under this government,” he said.
Vladislav Panev of Democratic Bulgaria also expressed doubts about the government’s budget plans and regretted that the ruling majority had failed to consider the arguments against introducing a windfall profits tax.
“I don’t know how they envision next year’s budget. On the one hand, Bulgaria has a very serious investment problem, with investment levels falling short of what is needed for sustainable, long-term economic growth. Over the past five years, economic growth has been driven entirely by consumption. At the same time, next year consumption will decline, while investment will suffer not only because of international economic conditions but also because of an additional domestic factor — higher taxation amounting to at least EUR 2 billion,” he said.

Government Is Creating Perfect Storm of Rising Prices This Winter, Opposition MP Martin Dimitrov Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-11-10 03:15:42

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BULGARIA NEWS – NEWS AGENCY 2009–2026 2026-11-10 03:15:42