Bulgarian Govt Vows no More Budget Revisions in 2013
Bulgarian Deputy Prime Minister Daniela Bobeva has declared that the Socialist-led government envisions no more budget revisions of the state budget for 2013.
Bobeva, who is in charge of economy and investments, has told Nova TV that unaccounted-for expenditures would be minimized so that the economy could be balanced.
Bulgaria's Parliament overturned earlier in August the presidential veto on the budget revision after securing the votes of 130 MPs.
Members of parliament from the ruling Socialist and ethnic Turkish parties, together with the ultranationalists, united to overturn the veto.
Adopted at the end of last month by the Socialist-led government, the amendments pave the way for a spending deficit of 2% of GDP as opposed to 1.4%, which was to be financed by external debt.
Bobeva also stated on Thursday that the joint-venture project of the Bulgarian National Bank's Printing Works with Francois Charles Oberthur Group does not mean that the Printing Works would be privatized.
"The Bulgarian National Bank knows what it is doing," she said, adding that BNB head Ivan Iskrov would "explain the whole situation in September."
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