The framework for the 2027 budget will be presented by October 15

Deputy Prime Minister and Minister of Finance Galab Donev announced that the budget process has begun and is actively underway. In parallel with the preparation of the 2027 Budget, the Ministry of Finance is also working on a new social package.

“A letter has been sent to all ministries and primary budget administrators so that we can have a budget within the deadlines. By October 15, we will present the overall framework and parameters of the 2027 budget estimate in accordance with the requirements of the European Commission’s excessive deficit procedure. The debt required for payments under the Public Debt Management Program has been raised, but not the full amount approved by the National Assembly”, he explained.

According to him, the government is doing everything possible to bring the 3.8% deficit down to within the Maastricht criteria.

The minimum wage for 2027 should be set within the range of 620.20 to 672.80 euros, and the government will strive to set it as close as possible to the upper limit, the finance minister said.

Along with preparing the 2027 Budget, the Ministry of Finance is also working on a new social package. It's main focus will be on support for children and families. “We are working to propose a social package through the budget that will enable us to support children and families. This will be the foundation of this social package”, the minister stated.

The package will also include the minimum wage policy. Changes are also planned for pensions, which, according to the government’s announcement, are to be adjusted again next year using the so-called Swiss rule. “There is no area that will not see adjustments or changes to its parameters”, the minister in charge noted, without revealing the specific details of the other measures at this stage.