Brussels Post

United in Diversity
Saturday, Jul 11, 2026

European Union Opens Excessive Deficit Procedure Against Bulgaria

The Council of the European Union has launched an excessive deficit procedure against Bulgaria after forecasting a government deficit of 4.1 percent of gross domestic product in 2026, above the bloc's three percent limit. Sofia must submit a corrective fiscal plan by October 15, 2026, to bring its public finances back into line with EU rules.
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