Bulgarian National Bank Warns 2025 Budget Could Derail Eurozone Aspirations
The Bulgarian National Bank (BNB) has expressed strong opposition to the draft state budget for 2025, which is set to be officially submitted to the National Assembly by the caretaker government. The central bank's position highlights several concerns regarding the proposed budget's parameters and its potential negative impact on Bulgaria's fiscal stability and long-term economic prospects.
The BNB argues that the proposed budget would significantly increase the state's role in the economy, with total expenditures under the Consolidated Fiscal Program projected to reach an unprecedented 46% of GDP—an all-time high not seen since 1998....