Bulgaria Will Not Take Another Loan For Now – MinFin
For the time being we do not need to take another loan at the international markets, Bulgaria's Finance Minister Petar Chobanov told Darik national radio.
According to him, the state debt strategy was implemented “calmly and smoothly”.
He said that in spite the “hysterical talking”, the budget was stable and the claims of a BGN 10 B deficit in the budget were untrue.
“If we often witness such talk and people believe it, this would create instability,” Chobanov said. “We cannot say the state was bankrupt, when in end of February the fiscal reserve was BGN 3.9 B and in end of April it reached BGN 6 B.”
- » Bulgaria’s Gross Foreign Debt Reaches EUR 35.4 B at End-April 2016
- » S&P Downgrades UK Ratings, Revising Outlook
- » Bulgaria's FinMIn Foresees No Serious Impact of Brexit
- » Sofia Airport Reports 16 % Increase in Passenger Numbers in May
- » FDI in Bulgaria Drops 45% Y/Y in January-April 2016
- » Bulgaria’s C-Bank to Publish Currency Exchange Rates by 6 p.m. on Workdays