Politics
EU has opened an Excessive Deficit Procedure against Bulgaria
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The EU has placed Bulgaria under an Excessive Deficit Procedure, requiring a reduction plan by October 2026 and strict expenditure growth caps through 2029 to address fiscal instability post-Eurozone entry.
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"In its recommendation, the Council stipulates that Bulgaria should therefore take effective action and present by 15 October 2026 the necessary measures to reduce its deficit. Bulgaria should also ensure that its nominal cumulative net expenditure growth rate does not exceed 4.2% in 2026, 7.7% in 2027 and 11.4% in 2028 and 15% in 2029."
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