Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

Former finance minister says there were errors in draft budget, worth billions

Photo: BGNES

Co-chairman of "We Continue the Change" party and former Minister of Finance, Assen Vassilev, said that there were two errors in the draft budget for 2023 presented by the caretaker government.

In a video on his Facebook page, Vassilev says: "The first is that under the Recovery and Sustainability Plan, all expenses are set to be fully made, while 0% of the revenues are envisaged. This is about 1 billion and 440 million euros. The second mistake is that the budget does not envisage collecting 100% dividend from the state-owned enterprises. This is an error costing 865 million euros. Just by correcting these two errors, the budget deficit would decrease by more than 2.25 billion and would fall to 3.6%", Vassilev commented.

The MP expressed hope that during the plenary discussions of the budget, the deficit would be reduced to 3%.

Translation: Al. Markov

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Eurostat: Bulgaria ranks second in the EU in house price growth

House prices in the European Union increased by 0.3% in the second quarter , compared to the first quarter of 2023. In Bulgaria over the same period, house prices rose by 4.3% compared to the first quarter, European statistics agency Eurostat, published..

published on 10/3/23 4:22 PM

What Bulgaria stands to gain (or lose) by entering the Eurozone

Accession to Schengen and the Eurozone, membership of the Organisation for Economic Cooperation and Development – these are some of the top priorities of Bulgarian diplomacy. The target date for the introduction of the single European currency is set..

updated on 10/3/23 12:52 PM

Budget deficit reaches 0.4% of GDP

At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross Domestic Product. By the end of the year, the deficit is expected to reach the planned 2.5% of GDP...

published on 10/3/23 9:18 AM