Bulgaria's Government Withdraws 2026 Budget

Bulgarias government, led by Prime Minister Rosen Zhelyazkov, has withdrawn its budget plan for 2026, marking a significant setback in the countrys preparations for adopting the euro. The decision came after widespread protests against proposed tax increases aimed at funding higher government spending. The minority government formally requested parliament to pull the budget, and a new budget process will begin once parliament makes a decision. Thousands of people protested against the draft budget, opposing increased social security contributions, taxes on dividends, and perceived state corruption. Deputy Minister of Labour and Social Policy, Ivan Krastev, warned that if a new budget is not adopted, payments to those living below the poverty line could be affected. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.