Balgarianovinite.com The parliamentary Budget and Finance Committee Tuesday approved on second reading a raise of the new debt ceiling to EUR 3.8 billion through amendments to the so-called budget extension law (formally the Act on the Collection of Revenues and the Commitment of Expenditures in 2026 until the Passage of the 2026 State Budget Act, the 2026 Public Social Insurance Budget Act and the 2026 National Health Insurance Fund Budget Act). The bill stipulates that the Council of Ministers has the authority to incur new public debt of up to 3% of projected GDP.
The bill provides for the government to issue new debt on international capital markets through the medium-term programme for issuing debt on international markets, as well as short-term government debt, which is to be repaid by the end of the current fiscal year.
Deputy Minister of Finance Lyudmila Petkova said that the situation regarding budget expenditures is expected to be critical in August and September, given the monthly costs of all social payments in the country, which is why this debt is necessary.
Continue the Change (CC) Chair Assen Vassilev told reporters that it is scandalous for the Parliamentary Budget and Finance Committee to amend the budget extension law by raising the ceiling for new government debt by up to EUR 3.8 billion without receiving calculations from the Ministry of Finance that indicate how much new debt is actually needed. Vassilev stated that despite assurances from Finance Minister Galab Donev, the Ministry of Finance had not provided calculations demonstrating how much debt was necessary in light of the adoption of a regular state budget for this year.
Democratic Bulgaria (DB) MP Martin Dimitrov told reporters that a true crisis in the country’s budget happened in 1997, whereas the current situation is entirely manageable, and claims about the poor state of public finances are being used to justify taking on large debts without any real justification. He said: “The treasury is not empty, and these are claims used to explain taking on huge loans in debt without any justification.” Dimitrov argued that the more the government is delaying and accumulating panic-driven actions, the more the problems deepen. Budget Committee Approves Higher Debt Ceiling of EUR 3.8 Bln; CC and DB Slam This Move 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-16 18:40:00 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