Balgarianovinite.com Speaking during quick Question Time in Parliament on Friday, Deputy Prime Minister and Finance Minister Galab Donev said that the European Commission (EC) would move forward with an excessive deficit procedure against Bulgaria.
Donev said that on Thursday an EC mission met with representatives from several ministries to discuss the implementation of the Recovery and Resilience Plan, macroeconomic imbalances, and the state of Bulgaria’s public finances.
“It transpired after the meeting that the Commission fully intends to proceed with the excessive deficit procedure,” he noted. Donev added that the process was launched following an assessment of Bulgaria’s net expenditures for 2025, where the estimates of the Finance Ministry and the European Commission differed to some extent. The discrepancy arose because the caretaker government failed to submit the report on the state of public finances by the April 30 deadline, leaving the Commission with data only for 2025, the Minister said.
The report will now be submitted to the Economic and Financial Committee for review before being considered by ECOFIN. The final step will be a decision by the Council of the European Union on whether Bulgaria should formally be placed under the excessive deficit procedure, Donev said.
If the procedure is launched, the European Commission will require Bulgaria to adopt specific measures to reduce the deficit, he added.
“One of the measures explicitly mentioned by the Commission during yesterday’s talks is the need to reduce net expenditures by 0.5% of gross domestic product,” he said. The minister added that this would require spending cuts and an analysis of the structure of budget expenditures.
“The structure of our budget expenditures is not very good. Around 76% of spending goes toward salaries, social payments, and pensions, while only about 24% is allocated to investments,” he noted.
The government will need to propose measures that align with the European Commission’s recommendations, Donev said. EC Fully Intends to Move Forward with Excessive Deficit Procedure against Bulgaria, Finance Minister Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-05 07:48:00 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