The government is warning of a record budget deficit and signaling possible fiscal tightening measures, as officials and experts debate the scale of Bulgaria ’s public finance challenges. Finance Minister Galab Donev said the country is facing a deficit of around 7.4% of GDP, or more than 8.5 billion euros, alongside over 2 billion euros in unpaid liabilities left from previous administrations. He argued that additional borrowing is unavoidable to ensure the stability of state payments,