Bulgaria 2027 budget draft proposes 5% pay rise for public sector and 8% for pensioners

Bulgaria 2027 budget draft proposes 5% pay rise for public sector and 8% for pensioners
Photo: Bulgaristan Radyosu

Bulgarian Prime Minister Rumen Radev has presented the 2027 State Budget draft. It aims to limit spending, reduce the deficit and cut the nominal amount of new state debt compared with the previous two years.

The draft proposes a 5% increase in salaries in the budget sector, 7.5% for pedagogy specialists and 8% for pensions. A higher minimum wage and an increase in the voucher amount from 100 euros to 200 euros are also among the proposals. Basic taxes will not be raised, it was stated.

The draft also provides more support for families and children, and more funds for healthcare, education, defence, investment and incentives for the private sector. Radev said the state treasury had been found emptied and the budget deficit was very large. The government will send the 2027 budget plan to the European Commission.

Follow us on Telegram @weareturks_news_en

This story was automatically summarised and translated from Bulgaristan Radyosu. All rights to the story belong to its source.

Related news

Uzbekistan
Economy

Uzbekistan and World Bank discuss attracting investment

Uzbekistan and the World Bank Group discussed prospects for economic growth, attracting private investment and creating new jobs. The talks took place on 16 October in Bangkok, where Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met World Bank Group President Ajay Banga. The meeting was held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to the Information Service and Communications Department of Uzbekistan's Ministry of Economy and Finance.

UzDaily
Uzbekistan
Economy

Uzbekistan and IFC discuss transport and energy projects

Uzbekistan and the International Finance Corporation (IFC) discussed cooperation in infrastructure, energy, water management and private sector development. The meeting between Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and IFC Regional Vice President for the Middle East and Central Asia Imad Fakhoury took place on 15 October 2026 in Bangkok, on the sidelines of the IMF and World Bank annual meetings.

UzDaily
Azerbaijan
Economy

Uzbekistan, AIIB explore transport, energy and water projects

Uzbekistan and the Asian Infrastructure Investment Bank (AIIB) discussed expanding cooperation on road and railway networks, logistics corridors, energy infrastructure and water systems during a meeting in Bangkok on October 15. According to a statement from the Uzbekistan Ministry of Economy and Finance, Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met AIIB President Zou Jiayi on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group.

Trend
Follow us on Telegram