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2027 Budget Plans Combine Fiscal Consolidation with Social and Investment Measures

bta.bg · 3dShare

Bulgaria's 2027 budget will focus on gradual fiscal consolidation, social and income policies, and improving the investment climate, Parliamentary Budget and Finance Committee Chair and Progressive Bulgaria MP Konstantin Prodanov said in a television interview on Saturday. Prodanov said efforts to curb the shadow economy would include introducing electronic invoicing and tighter controls on goods posing a high risk of tax evasion, such as fruit and vegetables crossing internal EU borders. Plans also included increased tax relief for working parents, higher monthly child benefits and more funding for maternity benefits, he said. Reviews of institutions' functions were under way across all sectors to determine what reforms each system needed and how to implement them, Prodanov said. He cited administrative reform, noting that rules governing ministries' organization were being amended to eliminate inefficiencies. In healthcare, amendments to the Public Procurement Act would introduce two

First report: Bulgaria Prepares Targeted Fuel Aid if Needed, Budget Chair Prodanov Says — bta.bg, 3d