European Union urges Bulgaria to address budget deficit and corruption challenges quickly. Council released a detailed evaluation of Bulgaria’s economic and financial policies recently.
Report highlights concerns with Bulgaria’s fiscal sustainability and progress towards EU targets.
Bulgaria’s budget deficit is expected to exceed European Union-mandated limits in coming years. Public debt ratios in Bulgaria rise sharply, worrying both local and European authorities alike.
Structural issues in tax system and shadow economy are increasing fiscal discipline risks. EU recommends improving transparency, capacity, and anti-corruption measures in public finance management.