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Today marks 145 years since the approval of the first Bulgarian budget

Photo: archive

On March 1, 1879, the Russian Prince Alexander Dondukov-Korsakov approved the first budget of Bulgaria which was liberated in 1878. Prince Dondoukov-Korsakov approved the ''Account of Expenditures for Production Purposes from Bulgarian Revenues over the period from 1 March 1879 to 1 March 1880'', the Ministry of Finance recalls. 

The first budget document of the Principality of Bulgaria covered only the spending part denominated in French Francs.




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