Bulgaria Should Prepare Its First Medium-Term Fiscal and Structural Plan for 2025-2028, Finance Minister Petkova

Addressing the opening event of the annual meeting of local authorities, organized by the National Association of the Municipalities in the Republic of Bulgaria (NAMRB) on Sunday, caretaker Deputy Prime Minister and Finance Minister Lyudmila Petkova said that Bulgaria should prepare its first medium-term fiscal-structural plan for the 2025-2028 so that it includes policies, reforms and investments foreseen for this four-year period. The plan will include both ministerial and local development investments, she noted.

According to the Finance Minister, local investment must be part of the national investment policy and must deliver real economic growth. “There should be a link between the municipalities and ministries’ objectives, policies and investments both at national and European level,” Petkova added.

She pointed out that the Finance Ministry is analyzing the best European practices and innovative approaches, and these will be discussed with NAMRB representatives. Each municipality has specific needs, but there are also common guidelines for development, such as transport connectivity, energy efficiency, sustainable urban mobility, development of tourism, education and sports infrastructure, also Petkova stressed.