Bulgaria PM: Treasury empty as EU deficit procedure looms

Bulgarian Prime Minister Rumen Radev declared that the treasury is empty as the government works on the 2026 budget under mounting fiscal pressures. Radev told journalists in Shumen on June 15 that the situation is very complicated and there is no money available. The warning comes as Bulgaria faces a potential EU excessive deficit procedure due to its rising budget deficit. The government must now navigate tight fiscal constraints while meeting EU fiscal rules.