Economic
Bulgaria's 2026 Budget Sparks Alarm: Opposition Warns of Economic Shock
Draft 2026 budget in Bulgaria labeled as a severe economic shock, with warnings of damaging fiscal measures and a potential financial crisis.
Bulgaria is facing intense debate over its draft budget for 2026, with opposition figures describing it as a severe economic shock. Ivaylo Mirchev of the “Yes, Bulgaria” party criticized the proposed budget as the most damaging in three decades, warning it could push the country toward a financial scenario similar to Romania’s within a short timeframe. He argued that the plan threatens businesses directly and predicted a repeat of the drastic fiscal measures last seen in 1997. Martin Dimitrov echoed concerns, highlighting hidden dangers such as higher taxes on dividends and increased social security contributions, and warning that these policies risk enlarging Bulgaria’s shadow economy. The opposition also condemned a requirement for all commercial entities to adopt state‑approved software from January 2026 as an additional burden on firms.
- Status
- active
- Location
- Bulgaria
- Date added
- 2026-03-24 10:36 UTC
- Last updated
- 2026-03-24 10:36 UTC
- Source
- https://novinite.com
- Connected threats
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- Not Available