Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

No tax hikes, lev-euro exchange rate will not change, PM says

Rosen Zhelyazkov
Photo: BTA

The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not increase the social security burden and change taxes when preparing the budget for 2025. The budget will meet the legal requirements - spending up to 40% of GDP and a budget deficit not exceeding 3%. 


However, he did not specify what spending restrictions would be imposed to maintain the 3% deficit. The exchange rate of the Bulgarian lev to the euro is fixed and will not change, Zhelyazkov assured.

Lyudmila Petkova

In another development, Prime Minister Rosen Zhelyazkov has dismissed Lyudmila Petkova as deputy finance minister.  She headed the Finance Ministry in two caretaker cabinets before her brief stint as deputy minister in Zhelyazkov's cabinet. Petkova was acting finance minister when reports emerged of a 19 billion leva shortfall in the state treasury.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Another hot day with temperatures in the plains reaching 41°C

On Friday , the lowest temperatures will be between 18 to 25°C. In Sofia it will be 20°C. During the day it will be sunny and hot again. There will be light wind, mainly from the east. The highest temperatures will be between 36 and..

published on 7/24/25 7:05 PM

Three opposition forces insist that the National Assembly votes on higher incomes for young doctors and specialists

“We Continue the Change – Democratic Bulgaria”, “Alliance for Rights and Freedoms” and MECH have submitted a request to the Speaker of the National Assembly Natalia Kiselova to convene an extraordinary plenary session to consider the..

published on 7/24/25 4:26 PM

Bulgarian military contingent returns from NATO mission in Kosovo

The contingent of the NATO Stabilization Force in Kosovo has been welcomed with a solemn ceremony in Blagoevgrad, BTA reports. In his welcome address, Defense Minister Atanas Zapryanov congratulated the servicemen on the successful..

published on 7/24/25 3:46 PM