- Simeon Dyankov suggests that a VAT rate of 22% could address Bulgaria’s budget deficit.
- Inflation, not speculation, is the main issue affecting Bulgaria’s economy.
- Key financial topics include speculation around eurozone entry, the 2025 budget deficit, and the 2026 budget planning.
- Speculation is expected during eurozone entry, with measures for pricing transparency in place.
- Administrative costs have risen sharply, contributing to inflation.
- The 2025 budget deficit is a concern, with a surplus typically seen by August in previous years.
- A serious deficit was noted in June 2025, with higher expenditures expected in winter.
- Dyankov expects discussions on the budget deficit in September, emphasizing the need for timely action.
- The 2026 budget planning is influenced by past fiscal policies and the current deficit situation.
Source: bgnes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bulgaria"
- Simeon Dyankov Suggests Increasing VAT to 22% to Address Bulgaria’s Budget Deficit
- Bulgaria Releases SAF-T Technical Documentation and Implementation Timeline for Enterprises
- General Court VAT Case T-308/25 (Direktsia „Obzhalvane i danachno-osiguritelna praktika“ – Plovdiv) – Order – Proceedings stayed pending CJEU decision in C-121/24
- German Hospitality Sector Faces Revenue Decline, Urges Return to Reduced VAT Rate
- Fiscal Solutions Webinar – Countdown to Euro in Bulgaria: Compliance Insights for Retailers (Aug 21)
