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

Kostadin Kostadinov: The state budget is in the red

Photo: Vazrazhdane Party

The leader of Vazrazhdane party, Kostadin Kostadinov, said in parliament that the state budget was in the red and the expected profits from the Schengen membership were gone. According to Kostadinov, the additional revenues should amount to 100-150 million euros, but so far the Ministry of Finance has not prepared the information requested by Vazrazhdane. According to Kostadinov, at the moment the budget not only has no revenues, but is in the red and that is why the mandatory reports on the implementation of the budget are delayed every month.

Regarding the increase in armaments spending, Kostadinov pointed out that Vazrazhdane does not deny the need to rearm the Bulgarian army and to increase the funds for financing but on the condition that Bulgaria produces and organizes its own military supplies at a basic level.

Editor: Darina Grigorova

Publication in English: Alexander Markov

Photo: Vazrazhdane Party



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

PM Rosen Zhelyazkov

Bulgaria Supports NATO's New Goal of 5% of GDP for Defence by 2035

Prime Minister Rosen Zhelyazkov led the Bulgarian delegation at the recently concluded NATO Summit in The Hague. Speaking to journalists, he stated that an agreement had been reached — with Bulgaria’s support — for each allied country to raise its..

published on 6/25/25 5:45 PM

Leva-to-euro exchange jumps by 43% in one week

The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of Bulgarian leva into euros increased by 43%, the agency’s director, Rumen Spetsov, announced in..

published on 6/25/25 5:33 PM

Kiril Petkov resigns as co-chair of "We Continue the Change"

Kiril Petkov announced at a briefing that he is taking political responsibility and resigning as co-chair of "We Continue the Change" (part of the PP-DB coalition, which has the second largest number of MPs in the National Assembly)..

published on 6/25/25 3:59 PM