Ministry of Finance

Bulgaria's Deputy Prime Minister and Finance Minister Lyudmila Petkova stated that the Ministry of Finance has developed various revenue and expenditure measures to keep next year's budget deficit within 3% of GDP on an accrual basis. Following a meeting of the National Council for Tripartite Cooperation, Petkova confirmed that there are no planned tax increases for 2025.

Bulgarian farmers impacted by the import of agricultural crops from Ukraine are set to receive 200 million leva in compensation, as part of the government's allocation from the so-called "Ukrainian aid" package.

Bulgaria's Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met by December, according to acting Deputy Prime Minister and Minister Lyudmila Petkova. This criterion pertains to inflation, and Bulgaria plans to request a new assessment within two weeks following its fulfillment.

In 2023, 50% of taxpayers reported an annual income of up to 7,680 euros to the tax authorities, resulting in an average tax rate of just 10.41%. Only 10% reported income over 20,842 euros, according to an analysis of data submitted by 9,017,477 taxpayers.

Particularly interesting are the figures showing that:

The Ministry of Finance shows, as a rule, a certain self-restraint. It knows it is walking a tightrope. Such was the case in April, long before the European Parliament elections, when Finance Minister Kostis Hatzidakis rushed (as if he was afraid of something) to prevent future pressures on fiscal stability.

The Ministry of Finance is considering a plan – The platform for road taxes is scheduled to open for every month

Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.

The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million. Petkova, who was welcomed to the finance ministry by her colleague Asen Vassilev, emphasized that organizing the elections is a top priority for her, alongside Bulgaria's goals of entering the Eurozone, the OECD, and the Schengen area by land routes.

Treasury and Finance Minister Mehmet Şimşek has held a series of talks at the first G20 finance ministers and central bank governors' meeting of the year in Sau Paulo, Brazil.

The Bulgarian Ministry of Finance has unveiled plans to consolidate the National Revenue Agency and the Customs Agency into a single entity, marking a significant step towards streamlining financial operations in the country.