Bulgaria’s Fiscal Council, led by Simeon Djankov and Lyubomir Datsov, has recommended additional taxation for banks, the property sector, and gambling operators. While opposing broad changes to the country’s tax model, the council suggested significant budget cuts to defense and security spending. The recommendations also include an update to existing tax regulations. The council’s report does not detail specific tax rates or the extent of the proposed budget reductions. These proposals aim to strengthen the national fiscal position, though the suggested cuts to defense may raise concerns. The Fiscal Council’s advice is non-binding, but carries weight with the government as it formulates its budgetary policy.