He was the Minister of Trade and Services in the Government of Serbia between 2007 and 2008. He was succeeded by Slobodan Milosavljević.
He was born in 1954 in Vladičin Han. He received a Ph.D. from the University of Novi Sad's Faculty of Law. Since 2002, Bubalo has been the general manager of Kikinda-based foundry Kikinda. He is married with two children.