Bulgarian Parliament Approves Government Debt Increase in First Reading

Bulgarian lawmakers have authorized the government to incur new debt, passing the first reading of amendments to the state budget extension. The vote saw 135 deputies in favor out of 193 who participated. The majority support came from 119 members of the We Continue the Change – Democratic Bulgaria coalition and 20 from the Movement for Rights and Freedoms (DPS). The approval allows the government to proceed with borrowing more funds, a move presented as necessary for budget adjustments.

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With 135 votes "for" out of 193 voting members, the National Assembly allowed the government to take on new debt.

The decision to increase the national debt was debated and ultimately passed, reflecting a parliamentary consensus on the need for additional financing. The specific amount of the new debt and its intended use will be detailed in subsequent budget readings and government disclosures. The parliamentary session highlighted the ongoing fiscal management challenges faced by the Bulgarian government as it navigates economic conditions and implements its spending plans.

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"For" voted 119 deputies from "We Continue the Change – Democratic Bulgaria" and 20 from DPS.