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Bulgaria wants defence spending excluded from budget deficit, PM says
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Bulgaria seeks to exclude defence spending from its budget deficit to meet euro zone entry requirements, as stated by PM Rosen Zhelyazkov.
(Reuters) -Bulgaria will ask for defence spending to be excluded from its budget deficit, BTA news agency quoted its prime minister as saying on Monday, as Sofia tries to meet key requirements for joining the euro zone next year.
In March, Bulgaria approved a 2025 budget targeting a deficit of 3% of economic output.
But European Union member states are being encouraged to increase spending on defence under EU rearmament plans driven by Russia's war in Ukraine and fears that Europe can no longer be sure of U.S. protection.
The European Commission, the EU executive body, has already proposed that defence spending be exempt from limits imposed by EU rules on government debt.
BTA quoted Prime Minister Rosen Zhelyazkov as saying during talks with European Council President Antonio Costa that Sofia would ask the Commission to adopt a national derogation clause for defence to allowing non-compliance with EU budgetary rules.
Defence spending in Bulgaria will account for over 2% of GDP this year, Zhelyazkov was quoted as saying, with a further increase possible if an exclusion clause is in place.
(Reporting by Daria Sito-Sucic; Editing by Timothy Heritage)
Bulgaria will ask for defence spending to be excluded from its budget deficit.
Bulgaria approved a 2025 budget targeting a deficit of 3% of economic output.
The EU is encouraging increased defence spending due to the rearmament plans driven by Russia's war in Ukraine and concerns over U.S. support.
The European Commission has proposed that defence spending be exempt from limits imposed by EU rules on government debt.
Defence spending in Bulgaria will account for over 2% of GDP this year, with potential increases if an exclusion clause is adopted.
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