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Bulgaria Scraps 2026 Budget After Protests Over Tax Hikes

11/28/2025

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Summary

Story summary

Bulgaria's government withdrew its 2026 draft budget after protests over proposed tax increases.
Ruling party leader Boyko Borissov urged dialogue with employers and unions to reach a consensus.
The budget included higher social security contributions and a doubled dividend tax, risking investment and increasing public debt.
Thousands protested outside parliament, and the government plans to revise after talks with social partners and opposition parties.

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Story summary

Bulgaria's government withdrew its 2026 draft budget after protests over proposed tax increases.
Ruling party leader Boyko Borissov urged dialogue with employers and unions to reach a consensus.
The budget included higher social security contributions and a doubled dividend tax, risking investment and increasing public debt.
Thousands protested outside parliament, and the government plans to revise after talks with social partners and opposition parties.