The present article aims to provide an overview of financial law as an independent branch of the legał system of the Republic of Bułgaria from a both historical and functional point of view, in the context of its traditions and current trends, which reflect the financial and legał system of the EU. The EU membership of Bułgaria holds numerous challenges and reąuires the mobilisation of the intellectual and physical potential of all stakeholders involved. Financial law is one of the most dynamie fields of legislation and case-law. The financial legał doctrine addresses the new challenges, building on constitutional, financial and administrative legał traditions and practices in the field of administrative justice in Bułgaria following the Tarnovo Constitution.