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

Participants from eight countries takе part in the International Folklore Festival "Srebarna Pafta" in Kyustendil

From July 24 to 26, Kyustendil will host the 21st edition of the International Folklore Festival "Srebarna Pafta/Silver Belt Buckle" – a celebration of cultural diversity and dance art from around the world, BTA reports. The festival will bring..

published on 7/24/25 6:15 AM

Nationwide orange heat alert

On Thursday morning, temperatures will range from 19 to 23°C, 21°C  in Sofia. Considerable cloud cover is expected over the eastern regions during the morning, with showers likely in north-eastern Bulgaria. The rest of the country will see sunny weather...

published on 7/23/25 7:05 PM

Parliament votes a declaration denouncing Russia's war against Ukraine

The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112 votes in favour. The draft document was submitted by We Continue the Change – Democratic Bulgaria..

published on 7/23/25 6:00 PM