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

The Bulgarian Academy of Sciences honors the national revival leaders with a ceremonial event and an exhibition

The Bulgarian Academy of Sciences will celebrate the National Enlighteners’ Day today with a ceremonial event and an exhibition, reported BTA. The event will be opened by the Academy’s President, Corresponding Member Evelina Slavcheva. Academician Ivan..

published on 10/31/25 6:05 AM

The sunny autumn weather continues across Bulgaria

On Friday, minimum temperatures will range from 2° to 7°C , reaching up to 10°C along the Black Sea coast. In the valleys, temperatures may drop below 0°C, while in Sofia it will be around 2°C. In the morning, fog or low cloud is possible in some lowland..

published on 10/30/25 7:05 PM

Bulgarian national hero Hristo Botev monument reopens in Izmail, Ukraine, amid air raid sirens

In the Ukrainian city of Izmail, the refurbished monument to revolutionary poet Hristo Botev was officially unveiled today , even as air raid sirens sounded across the city, BTA reported. The ceremony, which was held as part of the Day of the..

published on 10/30/25 4:49 PM