Fiscal surveillance in Bulgaria

On this page you find documents related to the EU fiscal surveillance in Bulgaria, including 

• its national medium-term fiscal-structural plan that sets out the country’s commitment to ceilings for net expenditure as well as priority public investments and reforms and the Commission assessment and Council endorsement of the plan.
• annual progress reports in which the country reports on the implementation of its national medium-term fiscal-structural plan.
• annual draft budgetary plans and the Commission’s assessments of them
• documents related to the excessive deficit procedure (EDP).

Medium-term fiscal-structural plans

Annual Progress Reports

Each year by 30 April, Member States have to present an Annual Progress Report on the implementation of their national medium-term fiscal-structural plan. These reports facilitate the effective monitoring and enforcement of the implementation of the maximum growth rates of net expenditure set by the Council and the reform and investment commitments made by Member States in their national medium-term fiscal-structural plans. 

See Bulgaria’s annual progress reports

Draft budgetary plan

As part of the common budgetary timeline for euro area Member States, Bulgaria submits a draft budgetary plan for the forthcoming year to the Commission by October 15 every year, prior to the adoption of the budget. The Commission issues an opinion on the draft budgetary plan by 30 November, assessing whether the budgetary plans are consistent with the EU economic governance framework. 

Draft budgetary plans of euro area Member States

Excessive Deficit Procedure

Bulgaria is currently not subject to an Excessive Deficit Procedure.

Documents related to the excessive deficit procedure for Bulgaria

Assessments of Bulgaria’s convergence programme (archive)

As required by the Stability and Growth Pact, each spring Bulgaria submits a convergence programme which presents an update of the medium-term fiscal strategy.

Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on the programme and country-specific recommendations in the scope of the European Semester.

Euro area Member States submit stability programmes while countries outside the euro area submit convergence programmes.