Bulgaria: Social Security Hikes Could Threaten Private-Sector Jobs, Deficit at Risk

Simeon Dyankov, chairman of the Fiscal Council and former finance minister under Boyko Borissov, warned on bTV that Bulgaria could face a severe public finance crisis in 2027. He predicted that by then, the European Commission would declare the country in an excessive deficit procedure. Dyankov noted that while the current government might initially blame former Finance Minister Asen Vassilev, responsibility could eventually shift to other political figures, including Ivan Kostov, as options for accountability are exhausted.

...