Tens of thousands of Bulgarians took to the streets on Monday night in a show of force against the government's 2026 budget plan, prompting it to abandon its contentious proposals. The protests were sparked by widespread concerns about corruption and the proposed financial framework for Bulgaria's adoption of the euro currency.
Protesters in the capital city, Sofia, filled a huge square outside parliament carrying signs that urged change in leadership. Similar demonstrations took place in other cities across the country, with critics of the abandoned budget plan saying they were protesting against increases to social security contributions and taxes on dividends to finance higher spending. The protesters also highlighted their opposition to state corruption.
The government had defended its budget plan as necessary for Bulgaria's integration into the EU and its adoption of the euro currency next year. However, the scale of the protests led to a dramatic U-turn by the ruling conservative Gerb party, with Prime Minister Rosen Zhelyazkov announcing that the government would withdraw its draft proposals.
The opposition party has called for the government to resign, saying abandoning the draft budget is not enough. The situation in Bulgaria remains tense, with concerns about the potential impact of the abandoned budget plan on public finances and the country's economic stability.
Bulgaria is set to adopt the euro currency on January 1, 2026, but public opinion over adopting the euro is divided. Some Bulgarians fear that it could lead to sharp inflation in what is one of the EU's poorest countries. The government has acknowledged these concerns, and the protests may have helped to pressure it into taking a more cautious approach.
The country has been plagued by frequent protests against government corruption since 2020, with many short-lived governments resulting from public discontent. The latest development highlights the ongoing tensions between the government and its citizens, with the opposition party demanding greater transparency and accountability.
Protesters in the capital city, Sofia, filled a huge square outside parliament carrying signs that urged change in leadership. Similar demonstrations took place in other cities across the country, with critics of the abandoned budget plan saying they were protesting against increases to social security contributions and taxes on dividends to finance higher spending. The protesters also highlighted their opposition to state corruption.
The government had defended its budget plan as necessary for Bulgaria's integration into the EU and its adoption of the euro currency next year. However, the scale of the protests led to a dramatic U-turn by the ruling conservative Gerb party, with Prime Minister Rosen Zhelyazkov announcing that the government would withdraw its draft proposals.
The opposition party has called for the government to resign, saying abandoning the draft budget is not enough. The situation in Bulgaria remains tense, with concerns about the potential impact of the abandoned budget plan on public finances and the country's economic stability.
Bulgaria is set to adopt the euro currency on January 1, 2026, but public opinion over adopting the euro is divided. Some Bulgarians fear that it could lead to sharp inflation in what is one of the EU's poorest countries. The government has acknowledged these concerns, and the protests may have helped to pressure it into taking a more cautious approach.
The country has been plagued by frequent protests against government corruption since 2020, with many short-lived governments resulting from public discontent. The latest development highlights the ongoing tensions between the government and its citizens, with the opposition party demanding greater transparency and accountability.