Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Doling out money gives rise to corruption: Ex-PM Ivan Kostov

Ivan Kostov
Photo: Ani Petrova

“Doling out money gratuitously to people in need is impossible because the resources are limited. The government would come out of the crisis with a huge deficit,” Ivan Kostov, Prime Minister of Bulgaria in the 1997-2001 period said for the Bulgarian National Radio.

“According to the EU, the country’s GDP is going to go down by 7.2%. That means EUR 4.2 billion. There is no way the government can find the billions needed to compensate for all incomes. Calls for such a thing are populist. Even if it does find the money from somewhere, it couldn’t be absorbed and will only give rise to corruption,” Ivan Kostov said. He added that Bulgaria is not the only country where measures to address the damages are taken under pressure and urged for taxes not to be changed  mid-year.  



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Folk music from Guizhou to be performed in Plovdiv Regional History Museum

The Regional History Museum in Plovdiv is hosting the performance “Hear the Voice of the Mountains and Springs – The Year of the Snake Gives Us Prosperity” today. In it, actors from the Guizhou Lantern Theater will show the rich..

published on 1/11/25 6:30 AM

Snow and rain across the country on Saturday

On Saturday, cold air will bring temperatures down. It will be cloudy. There will be rainfalls and snowfalls in the northwestern regions. There will be rainfalls in the eastern regions of the country. The wind will be moderate to..

published on 1/10/25 6:55 PM

Sofia Municipality and Bulgarian Academy of Sciences to make a registry of the homeless

The Sofia Municipality and the Bulgarian Academy of Sciences will create a register of homeless people in Sofia. The initiative comes from the Institute of Population and Human Research of the Bulgarian Academy of Sciences, which is participating in a..

published on 1/10/25 4:51 PM