Deputy PM Pekanov Labels Proposed 2027 State Budget Balanced, Focused on Social Policy

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In an interview for bTV that aired Sunday night, Deputy Prime Minister Atanas Pekanov said that the situation regarding public finances is tense. Pekanov described next year’s draft budget as balanced, focused on social policy, reducing expenditures where they can be optimized, and promoting economic growth.
The Minister stated that the cabinet has found a “balanced solution for incomes, pensions, and mothers with children”. He reported that spending in the central administration will be reduced by cutting 5,000 positions, more than half of which are held by employees, while the rest are vacant.
Pekanov emphasized the suspension of wage indexation in the defence and security sectors. He said: “Between 2023 and 2025, spending at the Ministry of the Interior increased by 76% or EUR 863 million, and in the defence sector by 62% or EUR 500 million. This increase will be halted because it has placed a strain on the budget.”
Pekanov quoted Prime Minister Rumen Radev, who stated that his cabinet’s goal is to mobilize private capital for meaningful infrastructure projects. The Deputy Prime Minister added that when infrastructure development relies solely on European funds, as has been the case for the past 15 years, progress is very slow.
Commenting on Yes, Bulgaria’s accusations that Finance Minister Galab Donev has contacted the European Commission to request redirecting part of the social security contributions from the second pension pillar to the National Social Security Institute, Pekanov said: “Not every measure that has been discussed somewhere at any level deserves such widespread publicity. I truly feel sorry for my colleagues. I do not know why [Democratic Bulgaria MP] Mr [Ivaylo] Mirchev decided to play along with this scenario, which, in my view, was devised by [GERB-UDF MP] Mr Vladislav Goranov. There are certain things that lead me to believe that this whole farce, this whole quarrel, was provoked in order to further inflame public opinion.”

Deputy PM Pekanov Labels Proposed 2027 State Budget Balanced, Focused on Social Policy THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-11-08 10:48:50

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