Thousands rally to protest Bulgaria’s 2026 budget

In a significant display of public dissent, thousands of citizens flooded the streets of Sofia, Bulgaria’s capital, on Wednesday to protest against substantial tax increases outlined in the draft budget for the upcoming year. The demonstration, orchestrated by the opposition coalition We Continue the Change – Democratic Bulgaria, attracted an estimated 20,000 participants. This protest coincides with Bulgaria’s impending entry into the eurozone at the start of next year, highlighting the nation’s economic crossroads. The proposed budget, which includes a hike in social security contributions and a doubling of the dividend tax, has sparked widespread concern over its potential adverse effects on individuals and businesses alike. Protesters formed a human chain around the parliament building and attempted to obstruct lawmakers’ vehicles, leading to police intervention to maintain order. Authorities reported that demonstrators hurled bottles and firecrackers at officers, resulting in injuries to three police personnel. Despite mounting opposition from various social groups and economists’ warnings about the budget’s significant risks, the draft is expected to pass, given the coalition government’s strong parliamentary majority. The budget, which allocates a record 46% of GDP to government spending, will be financed through increased taxes on businesses and workers, coupled with a sharp rise in public debt.