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.
- » Bulgarian Banks Increase Their Profit In 2013
- » Bulgaria's Municipalities Demand 30% of Total Flat Tax
- » Bulgaria's Ex-FinMin to Enter Supervisory Council of Russian VTB Bank
- » Consortium of 3 Banks to Sell Bulgarian Govt Bonds Worth BGN 3 B
- » EC Puts Italy, France on Economic Watch-List, Praises Spain
- » Bulgarian Municipalities Demand 2-3% of Personal Income Tax