Bulgaria’s Socialist leader is behind the controversial revision of the budget, which parliament approved at the end of last month, citing underperformance, an economy expert claims.
“The budget revision aims to divert the public attention from the problems ripping apart the ruling majority. I have reasons to believe the update of the budget was planned and initiated by Socialist leader Sergey Stanishev, not by the members of the cabinet,” Krasen Stanchev, a director at the Institute for Market Economy in Sofia, commented for Capital newspaper.
“Prime Minister Plamen Oresharski and Finance Minister Petar Chobanov are two very good economists and they knew too well what the prospects for the budget are to take such a sudden decision,” he added....
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