Europe Asia News

In an interview with the Bulgarian National Television (BNT), Radev emphasized that income growth must continue, but budget spending must be managed carefully to preserve financial stability.

He stressed the importance of stopping “irresponsible rhetoric” about inflation, warning that public discourse can influence price trends. Radev called for a focus on the factors driving price increases and cautioned that the country must move away from cyclical fiscal policies that have contributed to inflationary pressures in recent years.

The governor underlined that the upcoming budget will be a test of political will and sound judgment in reversing the fiscal deterioration that began during the political crisis after 2020.

Regarding the 2025 inflation forecast, Radev said inflation would remain above the eurozone average but within manageable limits.

He noted that public concern over rising prices is understandable but does not reflect a systemic macroeconomic imbalance. Concerning Bulgaria’s entry into the eurozone, Radev stressed the importance of sensible fiscal and macroeconomic policies, emphasizing that national policies must remain strong even within the eurozone framework.