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

Foreign Minister Georgiev opens Ruse University branch in Taraclia

Bulgarian Foreign Minister Georg Georgiev opened the first Bulgarian higher education institution outside Bulgaria in Taraclia, Moldova, the Ministry of Foreign Affairs announced. Mr Georgiev is in the city for today's celebrations for 24 May, the Day..

published on 5/24/25 6:35 PM

A rainy Sunday, temps drop again

Over the next 24 hours, a Mediterranean cyclone passing through the Aegean Sea will cause unstable weather in Bulgaria.  It will be mostly cloudy with heavy, widespread rainfall. Moderate winds will blow from the north-northwest and from the northeast..

published on 5/24/25 6:15 PM

Bulgarians around the world celebrate 24 May

May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and Slavic literature with various events. A rich festive program was organised today at the..

published on 5/24/25 5:56 PM