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.
- » Bulgaria Fin Min Expects 0.7% Budget Surplus as of End-August
- » Bulgaria Reports 0.9% Budget Surplus as of End-July
- » Bulgaria’s C-Bank to Replace BGN 2 Banknotes with BGN 2 Coins by end-2015
- » Bulgaria’s EconMin Proposing Tenfold Rise in Fuel Fraud Fines
- » Government Nominates C-Bank Head as Governor for Bulgaria in IMF
- » Foreign Direct Investment in Bulgaria Reaches Almost EUR 800 M in H1