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Prime Minister Rumen Radev: The 2025 budget deficit is not 3%

04.09.2026

Prime Minister Rumen Radev announced that the cabinet is recalculating the actual budget deficit, after the previous administration raised it to 5.7%.

© BurgasMedia.com — Andrii Maslo

During the parliamentary blitz control, Prime Minister Rumen Radev criticized the management of public finances by the previous cabinet. He stated that the real deficit, which reached 5.7% under the previous administration, cannot be corrected to 3% through Constitutional Court rulings or other judicial orders, as they lack the capacity to replenish the treasury.

In response to an inquiry from MP Asen Vassilev ("We Continue the Change") regarding the projections for 2027 and potential constitutional issues, the Prime Minister explained that the amount of the future minimum wage will be announced only after the parameters of the 2027 Budget are finalized. Radev added that together with the Minister of Finance, a detailed review of the ministries' capital programs and current expenditures is underway to determine the available reserve, which in turn may necessitate adjustments to pay levels.

According to the Prime Minister, the current fiscal policy is aimed at strict consolidation and a permanent reduction of the deficit by suspending automatic payments. He emphasized that the Ministry of Finance is recalculating the real deficit for 2025, assuring that its value is far from the projected 3%.

Radev attributed the lower deficit levels as of August to the efforts of the current government to end the "insane spending" provided for in the budget. In this regard, he promised that a public presentation of all suspended public procurement contracts and their associated costs is forthcoming, in order to demonstrate the impact of the measures taken to curb spending.

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