Ruling Party MP: New Bulgaria State Budget Is Conservative
Bulgaria's draft state budget for 2013 is rather conservative, rather than upping spending pre-election, according to ruling center-right GERB party PM Menda Stoyanova.
"It's actually a rather boring budget, and its macroframework is quite frugal," commented for the Bulgarian National TV Stoyanova, who is chair of the Parliament's Committee on Finance.
The GERB MP was reacting to accusations that cabinet is uping social spending just ahead of general elections in the summer of 2013.
She also defended the level of revenue provided for in the draft, as well as the 1.2% GDP growth it forecasts.
However, Stoyanova said that revenue for 2013 has not been calculated on the basis of previewed GDP.
Further, she supported the idea first voiced by Bulgarian Minister of Finance Simeon Djankov to introduce a new tax to be levied on bank interest.
- » BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan
- » Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities at 3.12% Yield
- » KTB Shareholders Seek Sofia Meeting to Prepare Rescue Plan
- » KTB Can Be Rescued Without Special Law or Public Funds, Experts Agree
- » Corpbank Rescue Options to Be Discussed at BIA
- » Student Loans Most Popular Among Medical Students – Survey