IMF Calls for Tax Reform, Sofia Stands Firm
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The International Monetary Fund has warned that Bulgaria’s budget deficit is set to exceed 3%t of gross domestic product in both 2025 and 2026. Defence expenditure, higher wages, and inflationary pressure are all contributing factors. IMF mission chief Fabian Bornhorst told Bulgarian lawmakers that the government must adopt tighter fiscal policies and expand its tax base if it wants to restore balance and safeguard future growth. Yet earlier this year Bulgaria found itself in the spotlight for
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