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

Bulgarian Economy Minister: The state will stop payments if there is no new budget by June 10

Caretaker economy minister Nikola Stoyanov
Photo: BGNES

After June 10, when the extended law on the state budget expires, the state will not be able to make payments, said caretaker Minister of Economy Nikola Stoyanov in an interview for the Bulgarian National Television. 

"When there is no adopted budget or the law on the extension of the budget has expired, the country must return to a zero balance - it can spend only if the budget is a budget surplus and when it is in deficit, it has no right to spend anything. This would lead to the impossibility of paying salaries", he explained. 

According to him, the pensions for June will be paid by June 10, but in theory the state should stop all payments. 

"I am firmly convinced that the members of parliament are aware of this responsibility and will adopt either a new budget or at least an extension of the current one," added the minister. However, he is skeptical that a new state budget will be voted on by that date.




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

Daniel Mitov

Daniel Mitov: The Interior Ministry is performing well with the checks in the interior of the country after our entry into Schengen

The Ministry of Interior is performing well. There has been an increase in the amount of seized drugs and human traffickers caught at the Schengen borders , Minister of Interior Daniel Mitov said in response to a journalist's question about how the..

published on 2/26/25 4:48 PM

Sofia Mayor Terziev seeks funding for better transport and energy efficiency

Sofia Mayor Vasil Terziev and Deputy Mayor of Sofia for Finance Ivan Vasilev met in Bulgaria's capital with the European Bank for Reconstruction and Development Associate Director Donald Mishaxhiu. The purpose of the meeting was to explore..

published on 2/26/25 3:08 PM

Hristo Stoichkov becomes the first ambassador of sports tourism for the World Tourism Organization

Hristo Stoichkov has been appointed the Sports Tourism Ambassador for the World Tourism Organization (UN Tourism). This became clear at an official meeting in the Council of Ministers between Prime Minister Rosen Zhelyazkov, Minister of Tourism..

published on 2/26/25 2:56 PM