Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Without a state budget Bulgaria will go bankrupt after 10 June

Boyko Borissov
Photo: BGNES

The agreement on forming a government on a rotating basis is not a coalition between the first and the second political force, GERB leader Boyko Borisov told reporters. In his words it is responsible behavior because otherwise in June “we shall have no state”. “I call it responsible behavior by parties that are diametrically opposed, with programmes that are 100% identical, which have at the same time put their egos aside, and have come together to overcome the crisis,” Boyko Borissov said.

According to Finance Ministry data, if no state budget for the year is approved  after 10 June, or if last year’s budget is not extended once more, the state will only be able to spend what it has collected. However, at the moment it is, in practice not possible to adopt a brand new budget for the year by 10 June, and the most probable hypothesis is for the MPs to vote one more extension of last year’s budget.

This means that spending will continue at the same level as during the same period of 2022, taking into account the enactments of the National Assembly, the Council of Ministers and other documents which set down additional or reduced budgetary means.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

"Agra 2025" brings science and practice together at International Fair Plovdiv

The latest technological solutions, products and projects in the field of agriculture and agro-industry will be presented at the "Agra 2025" exhibition in the halls of the International Fair in Plovdiv, BTA reports.  This year's..

published on 2/18/25 7:05 AM

Warning for significant precipitation in ten regions of eastern Bulgaria

On Tuesday, the lowest temperatures will be between minus 5 and 0°C; in Sofia - around minus 5°C. It will remain cold and cloudy with snowfalls over most of the country and rainfall in the southeastern regions. The snow cover will..

published on 2/17/25 6:55 PM

President Radev names Sofia Airport after the Apostle of Freedom Vasil Levski

Bulgaria’s President Rumen Radev named Sofia Airport after the Apostle of Freedom Vasil Levski, the press secretariat of the head of state announced.  Thus, its official name becomes Vasil Levski Sofia Airport. According to the Constitution, the Head of..

published on 2/17/25 5:52 PM