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

Finance Minister Petkova defends the parameters of the 2025 draft budget

Caretaker Minister of Finance Lyudmila Petkova
Photo: BTA

Caretaker Minister of Finance Lyudmila Petkova defended the parameters of the 2025 draft budget before the members of the National Assembly Committee on Budget and Finance. Minister Petkova explained that the 2025 Budget reflects the policies of recent years. Although the expenditures significantly exceed the revenues by 18 billion BGN (EUR 9.2 billion), the caretaker government submitted a budget with a deficit of 3% of the GDP, Lyudmila Petkova said. She reminded that the implementation of the National Recovery and Resilience Plan will end in mid-2026. 

So far, Bulgaria has received two payments under the Recovery and Resilience Plan, totaling 2.7 billion BGN (EUR 1.38 billion), while 7.8 billion leva (EUR 3.99 billion) are yet to be received. According to her, the main problem of the plan is its wrong overall philosophy. "From the very beginning, the plan included difficult reforms that cannot be implemented", said Minister Petkova, noting that other EU member states included such difficult reforms at a later stage, reported BGNES. Lyudmila Petkova emphasized that Bulgaria is the only country that has not adopted the RePowerEU chapter. She also noted that the gray economy in Bulgaria is over 32% of the GDP, while in Croatia and Romania it is 28% of the GDP. According to her, "chaotic policies and legislation have been adopted in the country in recent years".




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

President Rumen Radev and European Commissioner Ekaterina Zaharieva discuss future of scientific achievements

At a meeting with European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, President Rumen Radev pointed out that innovations, research and technologies are the basis of the policy for the development of a..

published on 1/24/25 4:31 PM
Sergei Stanishev

Sergei Stanishev is running for BSP leader

Former leader of the left Sergei Stanishev is participating in the race for chairman of the BSP. At a press conference at BTA, Stanishev indicated that he is "entering the race" with the other candidates in order to return "meaning..

published on 1/24/25 2:59 PM

43.1% of polled Bulgarians would support a ban on TikTok

61% of Bulgarians come across fake news every day, a survey by the Myara agency conducted by January 17 shows. 17.5% encounter fake news at least once or several times a month. Just 5.5% say they have not encountered fake news. 42.6%..

published on 1/24/25 1:23 PM