Parliament Committee Rejects Most Gov't Budget Proposals
The Budget and Finance Committee at Bulgaria's Parliament has refused to back a proposal made by the government to update the 2014 budget by BGN 3.4 B.
At a Thursday meeting members of the Committee announced they supported only plans to boost healthcare expenditure by allocating BGN 225 M to the National Health Insurance Fund (NZOK), which is facing a shortage of money and will be able to make payments only until September under the current budget framework.
Lawmakers from the Committee also agreed that the cap of Bulgaria's debt should be raised by BGN 1.7 B.
Earlier, the main ruling party BSP also rejected many of the proposed amendments to the State Budget of the Republic of Bulgaria Act, but added they stood behind the idea to set aside BGN 1.7 B worth of financing to protect customers' assets at the Corporate Commercial Bank (KTB).
The party's Committee representatives later added the NZOK should also receive additional money.
On Wednesday the government announced plans for a budget overhaul which included the increasing of Bulgaria's budget deficit limit.
Ministers believe it should be set at three percent, or just at the European-level limit.
They argue the budget update is vital to compensate for the emergency funds to tackle the aftermath of the KTB crisis and also for the expected failure to fulfill the 2014 income statement.
- » Bulgarians Expect Situation in Turkey to Worsen after Failed Coup Attempt - Poll
- » Bulgarian PM Warns of Rising Migration Pressure along Southern Border
- » Chief Prosecutor: 'Thin' Line between Anti-Terror Measures, Human Rights
- » Bulgarian Police Detain 45 Migrants Crossing into Serbia
- » Bulgaria Nationalist Leader Welcomes Turkey Coup
- » Bulgaria, US to Boost Exchange of Data on Terrorism, Financial Crime